Khan agrees £1bn of homes funding with London councils
0London mayor Sadiq Khan agreed plans worth over £1bn with 26 London boroughs, to build 11,000 new council homes at social rent levels over the next four years.
The ‘Building Council Homes for Londoners’ programme will help fund 11,154 new council homes at social rent levels, and a further 3,570 other homes, including those for London Living Rent.
Khan said: “London’s housing crisis is hugely complex and has been decades in the making. There is no simple fix – but council housing is the most important part of the solution.
“Londoners need more council homes that they can genuinely afford, and local authorities have a fundamental role to play in getting London building the homes we need for the future.”
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