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Funding allocation for London's £1bn housing fund announced

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The mayor of London has announced allocation details of a £1bn grant fund, financing construction on almost 15,000 new homes across 26 boroughs over the next four years.

The programme aims to build at least 11,000 council homes for social rent and will be funded through a £4.82bn housing fund secured from the government earlier this year.

Newham LBC was the biggest winner, securing £107m to build 1,123 homes, followed by Ealing LBC, which was allocated £99m for 1,138 homes.

Sadiq Khan used Tuesday’s announcement to call on the prime minister to release even more housing funds, as councils need “at least four times” more cash for new social and affordable homes.

Mr Khan said the money will “help councils go much further” in relation to house building.

“It is welcome that the prime minister has recently listened to calls that I and others have long made for councils to be able to borrow more to build. But let me be clear: lifting the borrowing cap for councils must be just the first step of reform, not the last,” he said.

Assembly member Andrew Boff (Con) has previously called on the mayor to commit to building more “family-sized homes of three or four bedrooms”, as not to do so “failed the 360,000 children living in overcrowded homes in London”.

 London BoroughHomesGLA Grant Allocation
Redbridge 400 (funding from right-to-buy receipts)
Newham 1,123 £107,476,000
Ealing 1,138 £99,352,000
Southwark 926 £89,494,138
Kingston upon Thames 713 £67,844,000
Brent 817 £65,610,000
Hounslow 741 £63,252,000
Haringey 848 £62,858,000
Croydon 888 £61,288,000
Hackney 949 £45,556,000
Lewisham 384 £37,700,000
Kensington & Chelsea 336 £33,600,000
Greenwich 588 £32,600,000
Harrow 618 £32,144,000
Camden 308 £30,800,000
Waltham Forest 293 £25,518,000
Barking & Dagenham 565 £25,338,000
Islington 465 £24,200,000
Havering 282 £24,046,000
Enfield 571 £18,108,000
Hammersmith & Fulham 251 £15,308,000
City of London 156 £14,880,000
Tower Hamlets 675 £13,000,000
Wandsworth 174 £12,452,000
Hillingdon 347 £11,678,000
Barnet 87 £8,700,000
Sutton 81 £6,500,000
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