Helping others to build

As well as building homes directly, we also help housing associations and other providers to build new homes – whether through the 5,500-home regeneration of the Woodberry Down Estate, or through grants made up of money from homes sold under Right to Buy to help make smaller schemes more affordable.

Since 2011, more than 1,500 homes have been completed at Woodberry Down – with more than half for social rent and shared ownership. We predict another 900 homes will be built there, or by providing grants for schemes elsewhere, between 2018 and 2022.

Woodberry Down

Woodberry Down is one of Europe’s biggest single-site estate regeneration projects, and is led by a partnership of Hackney Council, Berkeley HomesNotting Hill GenesisWoodberry Down Community Organisation and the Manor House Development Trust.

Over 20 years, the estate will be completely redeveloped to provide more than 5,500 new homes, community facilities and better public spaces.

Woodberry Down

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Mayor of Hackney’s housing challenge

Cash from sales under Right to Buy – the Government’s policy of allowing council tenants to buy their home at a discount – is usually reinvested in Council housebuilding programmes wherever possible.

But arbitrary restrictions placed on local authorities by ministers mean the money must be spent within three years of a sale and can only pay for 30% of a new home – leaving councils to fund the remainder of the cost. Often this makes it very difficult for councils to spend the money in reality, and after three years the government takes it off them, along with an interest charge, to use for itself.

To try and ensure this money actually benefits Hackney residents, the Mayor of Hackney’s housing challenge will make funds available to housing associations to deliver homes for social rent and living rent by March 2020, instead of being forced to hand it back to the government.

We’re offering grant funding to competent and capable registered providers to build new homes to meet the needs of the Hackney community. We predict this programme will help make nearly 150 homes more affordable, including:

There’s currently £16 million of funding for schemes to be delivered between September 2018 and March 2020, with funding available for up to 30% of the total cost of a scheme.

How to apply

Page updated on: 12 January 2020