Mayor Sadiq Khan details borough-by-borough distribution of £1bn funding pot
The east London borough of Newham has emerged as the biggest winner in cash terms from a £1bn fund set up by Sadiq Khan to support the delivery of new council housing.
Mayor Khan’s Building Council Homes for Londoners programme is distributing cash to 26 of the capital’s 32 boroughs, with the funding targeting construction of more than 11,000 new council homes over the next four years. It will also support the delivery of a further 3,570 other homes, including those to be allocated to tenants at London Living Rent levels.
A breakdown of the figures shows that Newham is getting the largest single cash allocation, with a payment of £107.5m in relation to the delivery of 1,123 new homes. Other big winners include Southwark, Brent, Ealing and Hounslow. (See table below for full details.)
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