Affordable housing gets £5.1m boost
by Jim Dunton Thu 26 September 2013, 11:23 am
Hounslow Council has said it will build almost 250 new affordable homes following successful funding bids to the Greater London Authority worth £5.1 million.
It said £3.3 million had been secured from the Mayor’s Housing Covenant - Building the Pipeline fund, which would help to build 208 homes in the borough.
A further £1.98 million is being made available from the Mayor’s Care and Support Specialised Housing Fund to provide 36 new sheltered housing units at Hogarth Court and refurbish 24 units at Frogley House.
Councillor Steve Curran, Hounslow’s cabinet member for housing, planning and regeneration, said the funding would help local families and older residents at a time when the cost of living was rising beyond the means of many.
“We are well on track to reach our target of getting 2,500 new affordable homes built or approved by 2014, giving thousands of local people the homes they need,” he said.
Earlier in the year, the council agreed ambitious plans to invest £73 million in new affordable homes across the borough.
The plans were drawn up after changes to government policy last year, which mean the council now has control over the income it receives from its social housing stock.
The proposals include using £54 million from the housing revenue account to pay for 259 new affordable homes, 48 sheltered housing units and 50 hostel units.
A further 224 affordable homes could be built if councillors agree to borrow a further £29 million.
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