Brent Housing Partnership (BHP) has been awarded a £10 million grant from the Mayor of London's Targeted Funding Stream (Settled Homes Initiative) to deliver 286 homes. This is groundbreaking for the organisation as BHP is one of the first Arms Length Management Organisations (ALMO) to purchase property.
The aim of the initiative is to provide settled accommodation for homeless households, maximise the amount of permanent accommodation to be provided in the long term and offer good value for money compared to other forms of provision.
BHP will buy the homes in Brent; these will be mainly 2 or 3 bedroom properties. 3 family homes have already been bought under Settled Homes, and these are being repaired before letting to households nominated by the Council.
Helen Evans, Managing Director said: "This funding will help provide much needed homes for homeless households in Brent and enable BHP to help the Council to reduce the demand for other forms of temporary accommodation".