asked Her Majesty’s Government:
How many of the 160,000 homes being built in the London Thames Gateway development will be funded under the National Affordable Housing Programme (NAHP); and under which NAHP bidding round these homes have come. [HL855]
How many of the planned 160,000 homes will be funded through the NAHP 2008-11 will ultimately depend on bids for grant for schemes that both are deliverable and match regional investment priorities and efficiency targets—there is not a separate NAHP investment target within the Gateway. However, the delivery plan for the period 2008-09 to 2010-11 shows an estimated range of Housing Corporation investment of between £590 million and £850 million in the Thames Gateway, delivering between 11,500 and 14,300 new affordable homes. The programme from 2011-12 will be decided following the next Comprehensive Spending Review. Over the period to 2016, between 30 per cent and 40 per cent of the Gateway’s new homes will be affordable, funded from a combination of Section 106 planning obligations and programmed government investment.