Camden is set to be the most significant beneficiary of the government’s new affordable home building programme.
Housing Minister John Healey recently confirmed yet another boost for affordable housing with news of a nearly £250 million investment to provide 3400 affordable homes and creating around 5,000 jobs across the country.
In all, 43 Housing Associations across 97 council areas and within every region of the country will benefit from the funding boost.
Camden is set to receive the highest amount, £42 million for 284 homes.
All the new homes announced this week will be affordable, with more than four in every five built for low cost rent, and the rest for first time buyers.
Labour Group leader Cllr. Nasim Ali welcomed the £42 million investment – the largest sum in the country:
“Every councillor knows that housing is the number one concern local people have at our surgeries. Locally Labour’s never stopped lobbying for more affordable housing, so £42 million for 300 new homes is fantastic news. It’s the largest settlement in the country and this will help families in overcrowded housing as well as first time buyers. This stands in stark contrast to the Lib Dem-led council and their policy of auctioning off council flats on the open market.”
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