In a significant move to address housing challenges in London, Mayor Sadiq Khan has announced the launch of a £100m Housing Kickstart Fund aimed at reviving stalled housing schemes and increasing the availability of affordable homes. The fund is part of a broader initiative that includes the creation of 1,750 council homes across the borough of Greenwich, with 33 new council homes already provided to families, some of whom were previously facing homelessness. The project has been supported by grant funding of up to £240,000 per home from the Mayor's Affordable Homes Programme, enabling the purchase of properties. This initiative is a response to economic challenges that have hindered housing projects and aims to convert market-rate homes on stalled development sites into genuinely affordable housing. Additionally, the Mayor has introduced an Accelerated Funding Route for schemes delivering 40% or more affordable homes and a multi-million pound injection into brownfield sites, further demonstrating the commitment to tackling the housing crisis in London.
I grew up in a council home. I know from personal experience the lifeline they provide. Since I’ve been mayor, we’ve been building the high-quality council homes that Londoners need. There’s still more to do, but our success has only made me more determined to keep going.
My new £100m Housing Kickstart Fund will convert market-rate homes on stalled development sites to genuinely affordable homes and provide the much needed relief many Londoners desperately need. I’m determined to do everything I can to bring more affordable homes to London.…
Sadiq is tackling the housing crisis in London head on – announcing today £100 million to convert stalled development sites into genuinely affordable housing. https://t.co/WJPUqpiUcd
Great news from @SadiqKhan, a new Housing Kickstart Fund with: 🏘️ £100m to complete stalled affordable homes 🏘️ Accelerated funding for schemes delivering 40%+ affordable homes 🏘️ A multi-million £ injection into brownfield sites https://t.co/2juBficote
The @MayorofLondon has launched an innovative new pan-London funding programme for survivors of domestic abuse. The £10m country-leading programme will deliver new and improved safe, affordable accommodation alongside specialist support. https://t.co/9WLfTBr176
Today @SadiqKhan announced a new Housing Kickstart Fund to boost affordable home building in London: 🏗️ £100m to complete stalled schemes ⏩ A new Accelerated Funding Route for schemes delivering 40% or more affordable homes 🏡 A multi-million £ injection into brownfield sites https://t.co/QMlfulZtXO
Sadiq Khan announces £100m housing kickstart fund: The fund’s objective is to revive housing schemes that have been stalled due to economic challenges https://t.co/fx5pAh7zSJ #ukhousing #housing
I’m delighted that City Hall was able to support these new council homes in Greenwich with funding from the @MayorofLondon’s Affordable Homes Programme. Fantastic to see residents moving into their new homes. https://t.co/XM8UYnNJiH
🥰 @MrOkereke and @aidanmasmith visited happy tenants at 33 brand new council homes in Woolwich! 🏡 Many more are to come as we make good on our promise to create 1,750 council homes for local people across the borough. https://t.co/OyenJclOOw
Today we moved in families into 33 new council homes. I'm grateful to the @SadiqKhan & @tomcopley who gave us grant funding of up to £240,000 per home which enabled the council to buy the properties. I listened to the stories of people who were previously facing homelessness. https://t.co/0EtVXHBBZU