Today we have published our latest business plan, covering our detailed programme of work for the period 2020-23. The blueprint continues a programme of building homes for the people of Lambeth which, in the last year alone, we have started building 80 homes on two Lambeth estates – and were pushing ahead with plans to build hundreds more.
This major housing investment has added significance in the face of the COVID-19 crisis, which is having huge impacts on every aspect of our lives. It will plough £375m into the local economy, creating new jobs, apprenticeships and training opportunities as well as creating opportunities for local businesses at a time of unprecedented challenge.
We already have tenants in 70 new council level rent homes at Lollard Street. In the last year, we have collectively started building 16 homes at the Knights Walk Estate and a further 64 at the Westbury Estate. Site preparation works have also been carried out for 46 homes at Fenwick Estate and for the 30 homes on South Lambeth Estate
Our new business plan sets out how we will build on these foundations and deliver even more new homes for the people of Lambeth in the next three years. We expect to submit planning applications for 153 homes on several small sites across Lambeth in 2020-21.
By the end of the three-year Business Plan period, a total of 383 new homes will have been delivered and be under our management. Of these, 302 (79%) will be affordable homes with 223 new homes for council rent. The figure of homes delivered will have increased to 1,196 by the end of year five, of which 649 (54%) will be affordable, with 439 homes for council rent. We will also invest over five years up to £2m to support its programme of social investment and resident engagement across the communities living on our estates.
As the first London borough to declare a climate crisis we will also work closely with Lambeth to ensure new homes are built to high environmental standards and work has been commissioned on the lifetime carbon cost of new homes to make sure that we play our part in the transition to zero carbon.
Jitinder Takhar, Chief Executive Officer (CEO) of HfL, said:
“In the last year Homes for Lambeth, in partnership with the council, laid the foundations for our long-term mission to build more and better homes for people living in the borough.
“Last year saw us expand our capacity, extend our skills and beginning to deliver on our early promises. This three-year Business Plan shows how we will build on these foundations and demonstrates how we are united in our mission to build thriving communities and better futures for our residents.”
Cllr Matthew Bennett, Lambeth Council’s Cabinet Member for Planning, Investment and New Homes, said:
“The plan that we’re launching today lays the groundwork for over a thousand new homes by 2025, over half of them affordable and with 439 new council homes. This is the biggest council building programme in Lambeth for a generation because we know the housing crisis can’t be fought without the council playing its part to build homes for local families.
“While the council’s focus is now rightly on supporting our residents through the coronavirus emergency it’s also right that we plan for the future. This plan will invest some £375m in our local economy, creating highly-skilled jobs, apprenticeships and training opportunities – providing a strong stimulus to help Lambeth’s economy recover, alongside up to £2m of social investment in local community.
“We’re also placing our commitment to the climate emergency front and centre with clear responses to sustainability and building a low carbon future in the borough because we know there is no just transition to zero carbon which leaves families homeless.”
We where established in November 2018 as a key element of Lambeth’s efforts to provide hundreds of new homes for the people of the borough. Over 30,000 people are on the waiting list for social housing and over 2,000 families – including 5,000 children – are homeless and housed in temporary accommodation by the council.
We have been tasked with building strong and sustainable communities and delivering high-quality homes and providing homes at genuinely affordable rents to tackle this housing crisis. We work with carefully selected architects and existing residents on the estates it is rebuilding.
- To download the Homes for Lambeth business plan, visit engage.homesforlambeth.co.uk/plan
- The council report on the plan is available here: moderngov.lambeth.gov.uk/ieDecisionDetails.aspx?ID=6562
- On Knights Walk, 84 new homes will be built in two phases. Phase One will deliver 16 new homes for existing residents.
- On Westbury Estate, Phase One is being built by St James, delivering 64 new homes at council-level rent on two sites on Wandsworth Road. Work is now underway, so existing residents will have new homes to move into before Phase 2 begins.
- The first phase of work at South Lambeth Estate will see a new block built on Dorset Road. It will deliver 30 new affordable homes including 18 at council-level rent for existing secure tenants.