City of London confirms major funding for housing upgrades

The program will deliver upgrades to 2,900 homes

The City of London has confirmed funding for upgrades to its housing stock across the Square Mile and six London boroughs.

The Corporation, which manages 1,800 social rented homes as well as 900 leasehold properties across London, has allocated £152m from the City’s Fund to support the major works programme , which totals £211m.

The decision was confirmed a meeting of the Court of Common Council, the City Corporation’s top decision-making body.

City of London Corporation policy chairman, Chris Hayward, said that providing good-quality homes was a “fundamental responsibility” and said the investment would help the secure the “long-term future” of the estates.

The programme is set deliver upgrades to 2,900 homes, including replacement w