Wandsworth is to receive the largest New Homes Bonus payment of the West London boroughs, after adding just under 2,000 homes in the year to October 2015.
Wandsworth will receive just under £13m, the eighth largest payout in London, and fourteenth nationally.
- Wandsworth £12.96m
- Barnet £12.31m
- Brent £11.14m
- Ealing £9.69m
- Hillingdon £9.08m
- Hounslow £8.05m
- Harrow £5.17m
- Slough £3.64m
Brent added more homes to the housing stock – 2558 including empty homes returned to use, the highest in the country. Wandsworth’s 1971 was the third largest in London behind Brent and Hackney, but still more than Birmingham managed.
Cllr Paul Ellis, Wandsworth Council’s Cabinet Member for Housing, said: “This is further evidence that our approach of enabling development gets results, with more and more homes for low cost home ownership and for below market rent being built as a result.
“New affordable homes are crucial to the success of the council’s Aspirations programme of initiatives which help people into employment, training, high quality housing and home ownership, as well as sporting and cultural opportunities.”
As part of the council’s Aspirations programme, 3,000 new homes for shared ownership, social renting, low cost rent, market rent and for sale are to be built by the council and partners at two major estate regeneration schemes in Roehampton and Battersea. In addition, 300 new council homes are to be built in the next three to five years.
The council’s housing strategy target is to ensure a minimum of 18,000 homes are built in Wandsworth during the next ten years, and it is expected that the high number of affordable homes delivered in the past 12 months will be repeated in the coming years.