Investment in social and affordable housing in the capital will get a long-term boost through the Government’s Social and Affordable Homes Programme.
London will receive up to £11.7bn over 10 years, 30% of the national total, to invest in building new homes for families on lower incomes across the capital.
Cllr Grace Williams, Deputy Chair and Executive Member for Housing & Regeneration at London Councils, said: “London is resolutely pro-housing growth. Since 2018, boroughs have directly started more than 25,000 new council-led homes.
“This investment — the largest ever for the capital in cash terms — will support us to build more of the social and affordable homes that our residents are crying out for. We welcome the long-term certainty that this 10-year programme provides, alongside the additional funding flexibilities for Right to Buy receipts.
“With one in 50 Londoners homeless and living in temporary accommodation, we know that more needs to be done to turn the tide against homelessness in the capital and across the country. Our city is the epicentre of the national homelessness crisis and the majority of homeless households in England are London families.
“Boroughs will continue to work together and with partners — including national government and the Mayor of London — to ensure we have the policies and funding needed to deliver social and affordable housing in the capital.”
Header image ©Brian Jackson/AdobeStock
