Tower Hamlets gets another £19.5m to build more low-cost East End homes
Another £19.5 million has been secured to build more social housing in London’s overcrowded East End.
It brings Whitehall funding up to £50m that Tower Hamlets has received since 2011.
The extra cash from the government’s New Homes Bonus scheme gives the authority funding for more house-building in 2014-15.
The ‘bonus’ scheme is designed as an incentive to encourage local authorities like Tower Hamlets to build more. It matches the council tax raised on each new house for a period of six years with money to build more low-cost homes.
Tower Hamlets has London’s worst housing waiting list, with more than 20,000 families in the queue.
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But it is building more social housing than any local authority in the country, topping the national league table for the past two years.
The recently-completed work on Stepney’s Ocean Estate made available 800 new and replacement properties, while Poplar’s massive Blackwall Reach development is to add another 1,600 homes.
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