Camden has successfully secured funding from the Mayor of London’s Affordable Housing Programme 2021-26.
In a vote of confidence for the Community Investment Programme, the Council was allocated the full amount it bid for and is among the ten boroughs receiving the most funding.
The funding will allow us build 569 socially rented homes over the next seven years.
This new allocation of funding will allow us to build on the previous success of the Community Investment programme and build hundreds of new affordable homes for local residents who need them the most.
In line with the Mayor’s target for London to be a zero-carbon city by 2030, the Community Investment Programme is also delivering some of the most energy efficient homes in the UK, which are helping residents to cut their fuel bills and carbon emissions.
Through our Community Investment Programme, to date, we have already built over 350 new council homes helping to house over 1,028 people including 453 children.
Councillor Danny Beales, Cabinet Member for Cabinet Member for Investing in Communities, Culture and an Inclusive Economy said: "Camden is a borough that can be counted on to deliver the affordable homes that our residents desperately need, and this announcement is a huge endorsement for both what we have achieved so far and what we have planned for the next phase of our Community Investment Programme.
Our community-led, innovative approach to house building has not only delivered the first new council homes seen in Camden in generation, but it has helped us to build award-winning, sustainable homes, that have enough space for our families to grow and thrive.
I know that residents will also welcome this announcement – they want us to build affordable homes and continue to back us to do so. This funding will go a long way as we progress plans for redevelopment at West Kentish Town and Wendling and St Stephens estates – where residents took to the ballot box to overwhelmingly back their community’s shared vision for regeneration – and it will help us to accelerate new and exciting ways to continue our work with residents as we deliver a new chapter of housing in Camden.
We are already working on plans to deliver new community housing with a local community land trust for the first time at Daleham Gardens - empowering residents to take on the role of developer, and following approval from Cabinet last night, we will soon launch our Small Sites Programme and call on residents to tell us where they want to see new council and affordable homes built on small, unused pieces of council land that will help create further investment across our estates."