The Local Housing Allowance will increase by inflation from April.
Christian Faes has left the role to become executive chairman.
This is higher than the rate of inflation recorded at 1.8% in December.
This was despite construction of new private housing falling.
The awards will take place at Edgbaston Cricket Ground in Birmingham on Thursday 23 April.
The Islamic bank has also cut rates to its Home Purchase Plan range.
Some 85% expect to see an increase in demand for these type of products.
Shawbrook provided a £185,000 loan to help investors purchase and convert a property in Southend, Essex.
Paradigm members will have access to MT Finance’s bridging products.
The Uxbridge project will convert an office into 28 apartments while the Bristol scheme involves the ground-up development of 19 apartments.