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Council to build hundreds of homes

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Published by Max Salsbury for 24dash.com in Housing and also in Development, Local Government

Council to build hundreds of homes Council to build hundreds of homes

A council has decided to build hundreds of new homes over the next three years.

Waltham Forest Council has secured £16.7 million in grants and loans to develop 435 properties.

The London borough successfully bid for a £9.7m grant from the Greater London Authority (GLA) and a £7m loan facility from the Department for Communities and Local Government (DCLG).

A grant funding pot of £404m was made available by the GLA for councils and housing associations to bid to build affordable homes. Waltham Forest Council was awarded the second highest amount of funding of any council in this round of bidding.

The council also took advantage of new borrowing powers that enable local authorities to build more affordable homes by bidding for a share of a £300m pot of extra borrowing capacity from the DCLG.

“This is hugely significant and a real step change in the way we as a council are addressing the issue of the chronic under-supply of housing in the borough head on,” said cabinet member for housing, Councillor Khevyn Limbajee.

“To put it in perspective the last time the Council built new council houses was in 2011, and then it was just 22 new homes. For around a quarter of a century before that we (along with all other councils) simply did not invest in building new council houses at all.

“We hope that this is just the start of a much larger programme of house building that we can undertake over the coming years. I’m convinced that if we’re going to do our bit to go some way to meet the demand for housing that this is one of the measures we now simply have to take.”

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