The mayor of London has announced a major new programme that aims to start construction on 10,000 new homes in the capital by 2022.
London boroughs will be able to bid for grant money, sourced through a £1.67bn fund announced by the chancellor at the spring Budget.
Sadiq Khan (Lab) said: “I am proud to launch Building Council Homes for Londoners – the first ever City Hall programme dedicated to new council housing. I am offering councils expertise and resources from City Hall to scale up their homebuilding programmes, and I will help them to replace homes sold through Right to Buy.
“The government is failing to enable councils to replace the hundreds of thousands of council homes sold through Right to Buy, and so I will do all I can to help councils replace as many of them as possible.”
The first tranches of the grant money have already been delegated to Waltham Forest, Newham and Lewisham LBCs. Waltham Forest has announced plans to start 525 new council homes with £26m of funding, while Newham and Lewisham have committed to each starting 1,000 new council homes by 2022.
New mayor of Newham Rokhsana Fiaz (Lab) pledged to build 1,000 new homes at social rent levels in the run up to her election on 3 May.
London councils have only built 2,100 homes in the previous seven years, including 300 that were completed last year - roughly equal to less than 2% of London’s homes.