Housing Kickstart Fund announced to accelerate stalled developments and boost delivery across London
Posted 15.03.24
Mayor of London: Further reading
The Mayor of London, Sadiq Khan has announced a new £100 million Housing Kickstart Fund to convert market-rate homes on development sites that have started but stalled due to economic conditions, into the genuinely affordable homes Londoners desperately need.
The funding is new money made available from City Hall to help boost delivery during this national housing downturn.
Alongside the Housing Kickstart Fund, a new Accelerated Funding Route has been announced, to make it simpler for developers to achieve over 40% affordable on their sites by providing more predictable grant financing.
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NatWest Group announces new UK social housing sector lending ambition
Posted 25.03.24
NatWest Group: Further reading
NatWest Group has announced a new package of targeted lending of £5 billion over the next three years, aimed at supporting the delivery and maintenance of social housing in the UK.
This aims to help the housing associations sector to deliver a pipeline of new homes and improve living conditions in existing properties.
According to a recent report by the Centre for Economics and Business Research, National Housing Federation and Shelter, social homes are more stable than private renting - as tenancies are secure, leading to better socioeconomic outcomes and increasing rates of employment.
The report also found that in 2023 there was a net loss of nearly 12,000 social homes, while 1.3 million households are on a waiting list in England.
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