Mayor Sadiq Khan details borough-by-borough distribution of 拢1bn funding pot
The east London borough of Newham has emerged as the biggest winner in cash terms from a 拢1bn fund set up by Sadiq Khan to support the delivery of new council housing.
Mayor Khan鈥檚 好色先生TV Council Homes for Londoners programme is distributing cash to 26 of the capital鈥檚 32 boroughs, with the funding targeting construction of more than 11,000 new council homes over the next four years. It will also support the delivery of a further 3,570 other homes, including those to be allocated to tenants at London Living Rent levels.
A breakdown of the figures shows that Newham is getting the largest single cash allocation, with a payment of 拢107.5m in relation to the delivery of 1,123 new homes. Other big winners include Southwark, Brent, Ealing and Hounslow. (See table below for full details.)
Of those areas awarded funding, the south London borough of Sutton had the lowest allocation 鈥 拢6.5m in relation to the delivery of 81 homes.
Khan sad the allocations would see councils鈥 home-building rates increase fivefold over the next four years, compared with the past four years, when 2,180 new council homes were started. He also insisted that relaxed borrowing rules for local authorities, as a way to spur housebuilding, would not be enough.
鈥淚t is welcome that the prime minister has recently listened to calls that I and others have long made for councils to be able to borrow more to build,鈥 he said.
鈥淏ut let me be clear: lifting the borrowing cap for councils must be just the first step of reform, not the last.
鈥淲e need at least four times the amount of money we currently get from government for new social and affordable homes, and we need far greater powers to step in and buy land for new council housing.
鈥淭he scale of what I have announced today shows the ambition is there in London to build a new generation of council homes. Ministers now urgently need to step up and go the distance too.鈥
Khan said he believed the capital needed 拢2.7bn a year to build all of the council, social rented, and other genuinely affordable homes required.
Mayor of Newham Rokhsana Fiaz said her borough鈥檚 table-topping allocation would 鈥渒ick-start鈥 an ambitious housing programme across 40 sites by 2022, with properties available at London affordable rent levels.
The funding announcement follows on the heels of the creation of a 拢10m programme last week that is designed to support councils to step up the delivery of new homes through increasing their in-house planning and architecture expertise.
City Hall said the 鈥淗omebuilding Capacity Fund鈥 would allow local authorities in the capital to bid for up to 拢750,000 each to boost their housing and planning teams with measures such as hiring new staff to lead council homebuilding projects and develop new masterplans. Architects could be hired directly or through the Public Practice programme set up by Finn Williams and Pooja Agrawal last year to address the lack of public sector planning capacity. It is its second wave of architects and planners to be placed with local authorities.
Chancellor Philip Hammond is expected to use Monday鈥檚 Budget to set out the timeframe for implementing Theresa May鈥檚 pledge to end the cap on local authority borrowing that prevents councils from using their Housing Revenue Accounts to bankroll the development of new social housing.
All eyes are likely to be on the start point for the move, because while reigniting council-house building capacity is key to increasing annual new-home delivery to the 300,000-a-year level targeted by the government, relaxing the borrowing rules would also increase government debt ahead of a general election in 2022.
Borough-by-borough breakdown
London Borough Barking and Dagenham. Allocation: 拢25,338,000. Homes: 565
London Borough of Barnet. Allocation: 拢8,700,000. Homes: 87
London Borough of Brent. Allocation: 拢65,610,000. Homes: 817
London Borough of Camden. Allocation: 拢30,800,00. Homes: 308
City of London. Allocation: 拢14,880,000. Homes: 156
London Borough of Croydon. Allocation: 拢61,288,000. Homes: 888
London Borough of Ealing. Allocation: 拢99,352,000. Homes: 1,138
London Borough of Enfield. Allocation: 拢18,108.000. Homes: 571
Royal Borough of Greenwich. Allocation: 拢32,600,000. Homes: 588
London Borough of Hackney. Allocation: 拢45,556,000. Homes: 949
London Borough of Hammersmith and Fulham. Allocation: 拢15,308,000. Homes: 251
London Borough of Haringey. Allocation: 拢62,858,000. Homes: 848
London Borough of Harrow. Allocation: 32,144,000. Homes: 618
London Borough of Havering. Allocation: 拢24,046,000. Homes: 282
London Borough of Hillingdon. Allocation: 拢11,678,000. Homes: 347
London Borough of Hounslow. Allocation: 拢63,252,000. Homes: 741
London Borough of Islington. Allocation: 拢24,200,000. Homes: 465
Royal Borough of Kensington and Chelsea. Allocation: 拢33,600,000. Homes: 336
Royal Borough of Kingston upon Thames. Allocation: 拢67,844,000. Homes: 713
London Borough of Lewisham. Allocation: 拢37,700,000. Homes: 384
London Borough of Newham. Allocation: 拢107,476,000. Homes: 1,123
London Borough of Redbridge. Allocation: Unspecified funding from right-to-buy recipients. Homes: 400
London Borough of Southwark. Allocation: 拢89,494,138. Homes: 926
London Borough of Sutton. Allocation: 拢6,500,000. Homes: 81
London Borough of Tower Hamlets. Allocation: 拢13,000,000. Homes: 675
London Borough of Waltham Forest. Allocation: 拢25,518,000. Homes: 293
London Borough of Wandsworth. Allocation: 拢12,452,000. Homes: 174
No comments yet