New £38 million fund launched for community led housing in London

The Mayor of London has launched a new £38 million fund for community led housing with the aim of getting Londoners to play a leading role in building new social rented and other genuinely affordable homes. The number of small builders nationally who deliver fewer than 100 homes has halved over the last 10 years and Sadiq Khan said that believes that this trend needs to change in order to help tackle the capital’s housing crisis. He pointed out that community led housing allows local residents to get directly involved in building and managing new homes themselves, often through co-operatives and community land trusts.