London’s £38million community housing fund is welcomed by housing charity
The new fund will help to build much-needed social-rent and other genuinely affordable homes according to the Mayor of London, Sadiq Khan.
The news has been welcomed by the National CLT Network, which has led the campaign for investment in the sector together with its members and partners for a number of years.
Tom Chance, Director at the National CLT Network, said:
“The National CLT Network is delighted to see the long-awaited announcement of this fund, which will no doubt be transformative for new and existing community led housing projects across the capital.
“Community led housing puts communities firmly in the driver's seat. It’s communities that are best placed to understand and deliver the affordable housing that is so desperately needed. This is a fantastic opportunity for Londoners to shape their city.”
Community led housing is a grassroots movement that is gaining popularity in the capital. In the past year, the Mayor of London has earmarked land for community land trusts through the Small Sites, Small Builders initiative and awarded more than £1m in a Lewisham-based community led housing project which includes some self-build elements.
This fund is one part of the national Community Housing Fund programme. While the London fund will run until March 2023, communities outside of London will only have access to funding up until March 2020. This disparity is concerning to many across the sector.
Click here to read the full prospectus for the London Community Housing Fund.
Community Led Housing London will be hosting an afternoon on Friday 15 February where those interested in community led housing in the capital can ask questions.