£2billion pledged for Islington homes
- Credit: Archant
Almost £2billion has been pledged to build and improve thousands of new homes over the next 30 years.
Of the cash, pledged by Islington Council in the yearly budget – due to be discussed at a scrutiny committee meeting on Tuesday – £1.5billion is expected to pay for 2,900 new homes during the next three decades.
The town hall estimate they can build 40 homes a year for the next 10 years, then up the rate to 100 properties for the next 10, before raising it to 150 a year, which will cost £15million per annum.
Cllr James Murray, Islington Council’s executive member for housing and development, said: “Islington desperately needs more housing that is genuinely-affordable – and for us that means we need homes for social rent.
You may also want to watch:
“We are building a new generation of council homes for local people – and we’re also getting social housing built through our firm planning policy, as well as working with housing associations who share our commitment to social rent.”
- 1 'Extreme' noise complaint as 150 gather for Islington party
- 2 Statue of Philip Noel-Baker replaced in Islington after 35 years
- 3 Meet the owner of the Camden Passage shop window where nothing is for sale
- 4 Elderly woman robbed of precious watch in daylight Finsbury Park incident
- 5 What do smoking and People Friendly Streets have in common?
- 6 'We can do better': Islington Society calls for rethink on Barnard Park plans
- 7 Almost 5,000 Islington people pinged by Covid app in one week
- 8 New Lidl to open in Finsbury Park's Arts Building next week
- 9 Islington and Camden police chief to leave Met after 29 years
- 10 Two men jailed for life after double murder