Croydon Council has welcomed a major grant from the Mayor of London’s new council homebuilding programme.
The council has received £61 million from City Hall’s £1 billion ‘Building Council Homes for Londoners’ programme, which is dedicated to building more than 11,000 new council homes.
The grant funding awarded to Croydon will provide 888 affordable housing units.
Croydon is already building council homes in the borough. Council-established developers Brick by Brick (BxB) currently have planning consent on around 40 sites, which will provide 1,036 new homes, of which 498 (48%), will be affordable. Croydon Affordable Homes will be letting homes on the sites.
Here in Croydon we’re committed to putting our residents’ housing needs first. We are already building homes to buy and let at affordable prices, and we’ve introduced lifetime tenancies for council renters.
“This money from the Mayor of London is most welcome as it allows us to continue to build homes at affordable prices for those in our borough who need them most.”
Councillor Alison Butler, deputy leader and cabinet member for homes and Gateway services