The Fund aims to support an increase in housing supply in England by increasing the number of additional homes delivered by the community-led housing sector; to provide housing that is affordable at local income levels and remains so in perpetuity; and to deliver a lasting legacy for the community-led housing sector in the form of an effective and financially self-sustaining body of expertise within the house building industry in England.
Funding outside London is being allocated by Homes England across 2 phases. A separate programme for London will be delivered by the Greater London Authority. This is in addition to £60 million funding that has already been allocated directly by government to 148 councils in December 2016.
Under Phase One of the Fund, Homes England is making available grants to eligible organisations to support:
applications for revenue funding for capacity building and predevelopment costs, including revenue grants to local authorities to support community groups
capital bids for associated infrastructure costs which will support community housing development
Under Phase Two of the Fund Homes England is making available grants to eligible organisations to help cover the capital costs of acquiring land and building community-led housing schemes.
Full details of Community Housing Fund and how to bid are published in the prospectus and the addendum to the prospectus. Publication of these documents signals the start of continuous bidding. We are not setting a closing date for applications at this time and will assess and agree funding proposals on an on-going basis throughout the programme period.
Community Housing Fund – Know Your Customer Guidance
Organisations receiving funding through the Community Housing Fund will be subject to a due diligence check with reference to Homes England’s Know Your Customer (KYC) policy. Details of the information required can be found here.