Islington Council has provided more than £800,000 in new
homes bonus cash to ensure a housing association delivered a full site of
socially rented homes. The council stepped in after Keniston Housing
Association was unable to guarantee all 14 units on its Archway site would be
available at social rent. It was keen to start developing the site but
government funding cuts meant it would have had to provide some homes at higher
rents. The borough provided £820,000 from its NHB pot to unlock and the scheme,
in what it has branded one of the first deals of its kind in the country. Read
more on the Islington Council website.
