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Lambeth Council invests £30million in housing for the homeless

Thursday October 11th, 2018

Lambeth council has this week agreed to add £15million more to a scheme providing housing for the homeless that will benefit an estimated 90 vulnerable individuals and households in the borough.housing_9093441Sml

Real Lettings
The announcement follows an initial £15million investment last year in the Real Lettings Property Fund. The fund spends the money on homes in London for people affected by homelessness, helping them move on with their lives and into independent living.

Original investment
Lambeth first investment was committed when the partnership launched in January 2017, alongside investments Croydon and Westminster councils. Since that time City Hall has also since invested in the much needed scheme. The investments are made into a social lettings agency set up by homeless charity St Mungo’s who lease homes from the fund and lets them to vulnerable individuals and families with a secure tenancy, who would otherwise be in bed and breakfast, emergency accommodation or hostels.

Word from the Cabinet

Cllr Paul Gadsby, Cabinet Member for Housing, said:

“Housing homeless families in the borough is becoming ever harder because of rising demand. At Lambeth council we are determined to do what we can to tackle the local impacts of this London wide issue. This is why as part of that commitment we are investing a further £15million in the Real Lettings Property Fund. Our initial investment in the fund was successful in securing high quality homes for homeless families.

We have prioritised this further investment because having a decent home is such an important and central factor in the health and wellbeing of all families.”

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