- Biggest allocation yet under Mayor’s new Right to Buy Back initiative
- 510 council homes will be made available to house Londoners on the council’s housing waiting list
- In addition, 25 homes in Hounslow to be made available for vulnerable care leaves in the borough and 20 for Afghan refugees
As part of the Mayor of London’s work to increase the number of council homes in London, he has struck a new deal to help Hounslow Council bring 555 homes into council ownership.
The west London borough will receive £38.7m from the Mayor’s new Right to Buy-back fund – the largest allocation under the scheme since it launched in July. The fund gives boroughs and council-owned housing companies the ability to purchase homes from the open market, including former council homes that have been sold through the Government’s Right to Buy programme(1). These homes can then either be let at social rent levels or used to prevent homelessness.
The first families could be moving in by early January.
Islington became the first borough to receive funding through the Mayor’s Right to Buy-back scheme in September 2021. Out of the 555 homes Hounslow Council will bring into council ownership, 20 family-sized homes(2) will be ringfenced for Afghan nationals who have been granted leave to resettle in the UK.
Hounslow will purchase a further 25 homes and convert these to low-cost, social rented homes specifically for care leavers on the housing register. Councils have a duty of care to teenagers leaving the care system but unfortunately many still end up struggling to find accommodation. Nationally, one third of care leavers become homeless in the first two years immediately after they leave care(3). These homes and the support offered by the council as a Corporate Parent aims to continue its commitment to provide long term settled housing for care leavers.
Hounslow’s enthusiastic adoption of the Mayor’s Right to Buy-back fund is just one aspect of the council’s ambitious social housing programme. Hounslow is already on track to deliver their target of 618 new council homes through the Mayor’s Building Council Homes for Londoners programme, for which they have so far received over £35m in funding from the Mayor.
All homes purchased through the Mayor’s “Right to Buy-back” fund must meet the Government’s Decent Homes Standard.
Whilst 20 of the homes will be for Afghan refugees and 25 for care leavers, the remaining 510 council homes will be made available to house individuals and families on the council’s housing waiting list.
Over the last 40 years councils have lost both the funding and expertise they require to build more council homes, but this is finally now changing, with the Mayor overseeing a renaissance in council housing. A total of 4,689 new council homes were started in London in the 2020-21 financial year, the highest level since the 1970s. Hounslow council has a record of housing delivery and recently met its 1000 council homes target.
The number of council homes started annually in London has increased six-fold since 2016, with only 774 started in the final year of the previous Mayoralty. The Mayor’s commitment to unlocking funds for council homebuilding from the Government has helped ambitious councils grow their capacity and expertise to deliver at scale for the first time in a generation.
The Mayor of London, Sadiq Khan said: “I’m determined to continue increasing the number of council homes for Londoners and I’m delighted that Hounslow has committed to using investment from City Hall to bring so many properties back into council ownership. This will enable Hounslow to provide good quality and genuinely affordable homes to more than 500 families in London.
“London has a wonderful tradition of helping those in need, and I’m proud Hounslow will use some of the funding to help house vulnerable care leavers and Afghan refugees.
“Hounslow joins Islington in taking swift, bold action to help deliver the homes Londoners so desperately need. I’m hopeful that other boroughs will look to them and submit their own proposals. We also need to see ambition from Ministers to replicate the ‘Right to Buy-back’ scheme nationally, giving councils and housing associations the support they need to purchase much-needed homes.”
Leader of Hounslow Council, Councillor Steve Curran, said: “We are delighted to have received this allocation of funding from the Mayor’s Right to Buyback scheme; it will enable us to provide more council homes for those that need them.
“Some of these homes will give safety and security to care-leavers, and some to Afghan refugee families, who will be welcomed into our local communities.
Notes to editors
- Right to Buy, part of the 1980 Housing Act, gave council tenants who had lived in their house for more than three years the chance to buy their property at a price substantially below market rate. Since the Act’s introduction more than 300,000 London council homes have been sold.
- ’Family size’ here refers to three or four bed homes
- https://www.crisis.org.uk/media/237534/appg_for_ending_homelessness_report_2017_pdf.pdf
- The Mayor originally announced his Right to Buy-back fund in July 2021 https://www.london.gov.uk/press-releases/mayoral/right-to-buy-back-to-boost-council-home-supply. It was then expanded during the Afghan refugee crisis in late August 2021 https://www.london.gov.uk/press-releases/mayoral/mayoral-support-to-help-house-afghan-refugees
- The Right to Buy-back fund has been designed to help boroughs purchase homes previously sold through Right to Buy, although funding can be used to purchase any market properties within the borough boundary.
- All homes purchased through this scheme must meet the Government’s Decent Homes Standard.
- The funding is part of the Mayor’s Affordable Homes Programme 2016-2023.
- Sadiq has committed to helping London’s councils start building council homes again with his ‘Building Council Homes for Londoners’ funding programme, which is on track to help boroughs start 10,000 new council homes between 2018 and 2023.