Home Safe Housing signs £750m delivery agreement with Capital Letters

Ground breaking transaction will deliver 2,500 affordable homes across London 

There are over 60,000 households in London that are experiencing homelessness, and there has been a 70% increase in the number of families in Temporary Accommodation over the last 10 years.  This is at a time when the number of new affordable homes being built is collapsing – there has been a year on year drop of 76% in the new homes being built by the Capital’s largest Housing Associations.

Against this backdrop Capital Letters and Home Safe Housing are finding new ways of bringing homes into the rental market, by delivering good quality affordable homes to tackle London’s housing crisis.

Each of the 2,500 homes will be refurbished by Home Safe Housing and brought up to Decent Homes Standard and EPC C or above as part of our £750m investment. The majority will be let at LHA rates to households in London who are experiencing homelessness, providing vital safe, secure, and affordable homes.  Some market rent properties will be offered on the open market; they will also be available to Capital Letters’ member boroughs, and they will be able to nominate working families who are experiencing homelessness for those homes.

We are delighted to be able to make this significant commitment to help to ease homelessness and remove 2,500 families from temporary accommodation over the next three years.