Notting Hill Housing has signed a partnership with London Mayor Sadiq Khan that will help create thousands of affordable homes across the capital.
The strategic partnership sees Notting Hill Housing pledge to provide at least 60 per cent affordable housing across its development pipeline, creating thousands of homes for Londoners who could not otherwise afford them.
Notting Hill Housing will invest £3.6bn into providing 8,000 new homes during the partnership, benefiting from £172m of grants from the Mayor of London. The grants come from a £3.15bn fund the Mayor secured from Government aimed at ensuring 90,000 affordable homes are started by 2021.
It extends the strong relationship between Notting Hill Housing and City Hall, and highlights the commitment of both to provide quality and affordable housing in large numbers for the capital.
Kate Davies, Chief Executive of Notting Hill Housing, said: “We are passionate about providing homes for Londoners and it is something we’ve been doing for more than 50 years. Over the past five years we have delivered 5,400 homes across London and with over 2,400 starts last year we are committed to continued investment to help relieve the shortage of housing across the capital.
“We have worked very closely with City Hall for many years to help tackle London’s housing crisis and this Strategic Partnership affirms our ongoing commitment to deliver more high quality housing. This partnership will enable us to build on our strong pipeline to deliver 8,000 homes over the next five years, 60 per cent of which will be genuinely affordable.”
The Mayor of London, Sadiq Khan, said: “I want to see everyone playing their part in tackling the housing crisis in London, because it is simply unacceptable that Londoners continue to be priced out of a city they call home.
“We know that solving the housing crisis is not going to happen overnight, but I very much welcome so many housing associations and councils matching my ambition by committing to build the new and genuinely affordable homes Londoners so desperately need.
“I am delighted that we have set a City Hall record for the number of homes allocated funding – but I am clear that we have got much more to do to secure the land we need to build homes and ensure we have sufficient capacity in the construction industry.”
Picture: James Murray, Deputy Mayor for Housing and Residential Development at City Hall (centre), joined Kate Davies, Notting Hill Housing Chief Executive, and John Hughes, Group Development Director for Notting Hill Housing, to celebrate the strategic partnership at Royal Albert Wharf.