Network Homes to deliver 1,000 affordable homes in London
06 September 2021
Network Homes has received an allocation of over £122 million to deliver 1,000 much needed new affordable homes in partnership with the Greater London Authority (GLA) as part of the new London Affordable Homes Programme.
The total funding will be £122,515,888, over a period from 2021 to 2026. Of the 1,000 homes to be built by Network, half will be for social rent with the other 50% being for affordable home ownership including shared ownership and London Living Rent tenures.
Network is one of 53 housing organisations and local councils in the capital to be awarded the funding which in total amounts to £3.46billion in affordable housing grant for London over the next five years.
We’re really pleased to have secured this funding from the GLA which will significantly help us deliver on our strategic objective of increasing the number of homes for people in housing need.Helen Evans, Chief Executive of Network Homes