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 ten years, 30% of the
national total, to invest in building new homes for families on lower incomes.
London Councils’ Deputy Chair and Executive member for Housing & Regeneration, Cllr Grace Williams, 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
ten-year programme provides, alongside the additional funding flexibilities for
Right to Buy receipts.
“With 1 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.”