Boost for London housing

London’s most run down housing estates are set to receive more than £100 million of funding. Around £77 million in funding has been promised to kick start a programme of estate and area regeneration that’s currently ‘stalled’ by the credit crisis, while a further £55 million will be invested to reduce homelessness, provide larger family homes and to maintain and improve social rented homes. The funding is part of the London mayor’s housing strategy but comes from the Homes and Communities Agency’s affordable housing budget.