Tower Hamlets has successfully secured funding from the Mayor of London’s Affordable Housing Programme 2021-26.
The £32m grant will help fund an additional 194 new homes for social rent as part of the council’s plans to deliver and identify 2,000 new council homes across Tower Hamlets.
This comes after the Mayor of London, Sadiq Khan, secured £3.46bn from the Government to fund thousands of council and other genuinely affordable homes for Londoners.
John Biggs, Mayor of Tower Hamlets, said:
“I’m delighted we’ve been able to secure additional funding from the Mayor of London which will allow us to continue to deliver on our commitment of 2,000 new council homes.”
“This announcement is a huge endorsement for both what we have achieved so far and is a real vote of confidence on our ability to deliver on our ambitious plans to tackle the housing crisis for residents within Tower Hamlets.”
The council continues to play its part in tackling the housing crisis. With one of the highest densities of housing in London and at just eight square miles, space to build in Tower Hamlets continues to be in short supply.
Cllr Danny Hassell, Cabinet Member for Housing, said:
“I’m thrilled we have secured this funding for Tower Hamlets residents which will support our efforts in providing social housing to those who need it.”
“We won’t reach our target with just big developments, we’re making the most of land that we already own, smaller projects and the vital work our partners are doing to build new homes for social rent.”
Tower Hamlets currently has 1,055 new council homes in delivery. This includes new homes being built, buy-backs and purchases from developers. A further 1,000 new homes have also been identified to reach the council’s ambitious target. This is in addition to thousands more affordable homes being delivered by housing partners in the borough.
Posted on Tuesday 5th October 2021