Sadiq Khan launches £38m fund for community-led housing

The mayor of London has launched a £38m fund for community-led housing as part of his plan to address the capital’s housing crisis.

The new London Community Housing Fund is expected to create 500 community-led homes by 2023 and will provide grants or loans for building, development and delivery. The funding will also help with planning application and design fees.

The fund opens for bids today in a simplified bidding process with standardised legal contracts. City Hall has published a prospectus providing guidance for community groups, and advice for people who wish to form such a group.

Mr Khan said: “In London we have become far too reliant on large developers to build new housing. We need more homes to be built by councils and by communities themselves – and so I want to support more community-led housing projects that put London residents at the heart of the process.”

Mr Khan added, “This new fund offers practical support and help with development costs that have often held community-led projects back. I urge Londoners interested in developing their own homes to read through our new guidance and bid for funding.”