Value for money is at the heart of everything we do. Wandsworth is investing in new homes and estate improvements that create lifelong assets for the borough. These homes not only pay for themselves through rental income but also reduce reliance on costly temporary accommodation. Thanks to strengthened prevention work, Wandsworth is now avoiding an additional £3.7 million in temporary accommodation costs every year.
Wandsworth’s Housing Revenue Account, a ringfenced fund dedicated to council housing, is in a significantly stronger position than that of many other stock holding authorities. This strong financial position enables the council to continue ambitious regeneration and development plans while maintaining essential investment in existing homes.
A key milestone was recently reached as the Homes for Wandsworth programme celebrated the completion of its 500th new council home, marking the halfway point toward the borough’s pledge to deliver 1,000 new homes for local residents.
Building on this momentum, the council has announced a landmark partnership with Battersea Power Station to deliver 200 new high quality council homes within the development’s 42 acre masterplan, further expanding opportunities for families in need of secure, affordable housing.
Aydin Dikerdem, Cabinet Member for Housing, said: “Investing in new council homes is one of the most powerful tools we have to tackle the housing crisis and strengthen our communities. Every new home means a family moved off a waiting list and into a secure, comfortable home. And it also saves us money in the long-term, delivering a public asset and reducing expensive temporary accommodation costs. It’s an investment not just in buildings, but in the future of Wandsworth.”
Together, these initiatives reflect Wandsworth’s strategic, long term commitment to ensuring that every resident has access to a safe, secure, and high quality place to call home.