Khan Announces Fund to Convert Thousands of London Homes to Social and Temporary Housing

The funding will be part of the £4 billion fund for building between between 23,900 and 27,100 new affordable homes, which has suffered a two-year delay.

Rows of terraced houses and residential properties are pictured in south London, backdropped by the skyline of the City of London, on July 6, 2020. Daniel Leal-Olivas/AFP via Getty Images

Part of government grants for London boroughs to build new affordable homes will be used to buy existing homes under a new plan announced by London Mayor Sadiq Khan.

Greater London Authority said on Friday that councils can bid for money from the new Council Homes Acquisition Programme (CHAP) so they can buy homes in their boroughs from the private market and turn them into social rented housing or temporary accommodation for homeless households.