Hackney,
16
September
2021
|
11:03
Europe/London

Hackney is building: Mayor of London money to fund more new Council homes

Even more genuinely affordable homes will be built in Hackney after the Council secured a £17.5 million boost from the Mayor of London to maintain its social housing drive beyond 2022.

The grant from the GLA’s Affordable Homes Programme will fund an additional 100 new homes for social rent as the Council extends its award-winning, not-for-profit housebuilding programme, which has already delivered nearly 500 Council social rent homes since its launch.

The Council is currently delivering on its commitment to build almost 2,000 homes, two new schools and a leisure centre on over 20 sites between 2018 and 2022. Since 2018 the Council has completed more than 800 new homes, alongside a new primary school, secondary school, the New Regent’s College and the state-of-the-art Britannia Leisure Centre. It has started construction on a further 170 new homes and received planning permission for over 700 more.

Through its pioneering cross-subsidy model, more than half of the Council’s new homes are for genuinely affordable Council social rent, shared ownership and Hackney Living Rent, despite the absence of government funding, with the remainder sold outright to help pay for them.

With the Council already working with local residents at the De Beauvoir Estate, Lincoln Court and Frampton Park on plans for new homes after 2022, this new funding will help the Council identify sites and develop plans for further new Council homes beyond these projects.

Through its pioneering cross-subsidy model, more than half of the Council’s new homes are for genuinely affordable Council social rent, shared ownership and Hackney Living Rent, despite the absence of government funding, with the remainder sold outright to help pay for them.

With the Council already working with local residents at the De Beauvoir Estate, Lincoln Court and Frampton Park on plans for new homes after 2022, this new funding will help the Council identify sites and develop plans for further new Council homes beyond these projects.

Mayor of Hackney Philip Glanville
Since launching in 2011, our not-for-profit Council housebuilding approach has led the way in delivering a new generation of high-quality Council housing in Hackney – a model we are now seeing followed by councils across London.

Despite the huge challenges caused by Brexit and the coronavirus pandemic, Hackney is still building, with nearly 1,700 new homes now built, under construction or approved since May 2018 to provide vital genuinely affordable homes for local people.

This funding shows that we’re not ready to stop there and, as we develop plans for even more new homes, will ensure as many as possible are the Council homes for social rent we desperately need.
Mayor of Hackney Philip Glanville

Despite the challenges caused by the coronavirus pandemic, since 2018 Hackney Council has completed 811 homes at Aikin Court, Colville, King Edwards Road, Bridge House, St Leonard’s Court, Frampton Park, Whiston Road, Nile Street and Tiger Way; started construction of 170 homes at Tower Court, Daubeney Road, Mandeville Street and Gooch House; and received planning permission for 713 homes at Colville, Marian Court, Nightingale, Kings Crescent, Pedro Street, Buckland Street, Wimbourne Street, and the Fairbank Estate.

The £17.5 million funding has been allocated from the Mayor of London’s Affordable Homes Programme, and the Council will now develop specific plans for using this on future sites for Council homes.

Find out more about the Council’s innovative housebuilding programme at hackney.gov.uk/building