Harrow Council will build ten three bedroom shared ownership homes on Council estates partly funded by money from the Mayor of London.
The £250,000 funding comes from the Mayor of London’s Housing Covenant, a £100 million fund made available to deliver intermediate homes in London by March 2015.
The planned homes, available from 2014, will be affordable to households earning up to £64,300 a year. Harrow’s scheme will target existing council tenants typically living in 2 bed flats, who wish to move to 3 bed houses. Successful tenants will be offered a minimum of a 25% share in their new home.
Harrow Council’s Portfolio Holder for Housing, Councillor Bob Currie, said: “Supporting those people most in need is a top priority for the council, and this news comes at a time when many of our residents will be hit hard from welfare changes which could affect where they choose to live.”