Camden to receive £86M funding to build new council homes
Camden Council has secured £86.4million from the Mayor of London’s Affordable Housing Programme.
The funding will be used to deliver 569 social rent homes in Camden over the next seven years.
In a vote of confidence for Camden’s house building programme, the Council was allocated the full amount it bid for and is among the ten boroughs receiving the most funding.
The new homes will be delivered as part of the Council’s innovative Community Investment Programme, which has built over 950 new homes to date and provided new council housing to over 1,000 residents, including 447 children, many of whom previously lived in overcrowded homes.
In line with the Mayor’s target for London to be a zero-carbon city by 2030, the Community Investment Programme is also delivering some of the most energy efficient homes in the UK, which are helping residents to cut their fuel bills and carbon emissions.
Camden is a borough that can be counted on to deliver the affordable homes that our residents desperately need, and this announcement is a huge endorsement for both what we have achieved so far and what we have planned for the next phase of our Community Investment Programme.
Our community-led, innovative approach to house building has not only delivered the first new council homes seen in Camden in generation, but it has helped us to build award-winning, sustainable homes, that have enough space for our families to grow and thrive.
I know that residents will also welcome this announcement – they want us to build affordable homes and continue to back us to do so. This funding will go a long way as we progress plans for redevelopment at West Kentish Town and Wendling and St Stephens estates – where residents took to the ballot box to overwhelmingly back their community’s shared vision for regeneration – and it will help us to accelerate new and exciting ways to continue our work with residents as we deliver a new chapter of housing in Camden.
We are already working on plans to deliver new community housing with a local community land trust for the first time at Daleham Gardens - empowering residents to take on the role of developer, and following approval from Cabinet last night, we will soon launch our Small Sites Programme and call on residents to tell us where they want to see new council and affordable homes built on small, unused pieces of council land that will help create further investment across our estates.