Local Space has signed lease deals with the London Borough of Newham, to manage 43 new homes at New Market Place, a Barratt development in East Ham.
The properties will be let to households currently living in temporary accommodation with rents charged at the Local Housing Allowance rate.
The New Market Place homes have been built to a high specification and include appliances such as electric ovens, ceramic hobs, fridge freezers, radiators, and door entry systems. Local Space have also installed washing machines and window blinds.
Local Space is responsible under the arrangement for carrying out home repairs, collecting rent, and managing tenancies.
Josie Parsons, chief executive at Local Space said:
“In partnership with London Borough of Newham, Local Space is working hard to deliver new homes to help solve the housing crisis. These new lease deals demonstrate our ongoing commitment to providing high-quality, settled accommodation for homeless families in East London”.
Cllr Carleene Lee-Phakoe, Cabinet Member for Housing Needs, Homelessness and Private Rented Sector, said:
“Newham is on the frontline of London’s housing crisis, with rising rents and a lack of affordable housing pushing more and more households into homelessness and the uncertainty of temporary accommodation.
“By investing in high-quality acquisitions such as New Market Place, we are providing vulnerable families with the security of a permanent home. We now need the government to step up with the necessary funding and powers to enable us to lift more people out of the misery of homelessness.”
New Market Place resident Glenda said:
“Before coming here, my daughter and I have been going from pillar to post. We had to move out of our last place because the landlord wanted it back.
“Now we have this very good flat and we are very happy. My daughter always looks forward to coming home.”
Newham has bought 102 homes in total, spread out over 3 sites. Local Space will lease the properties and, in some cases, the whole development, from Newham and take control of management, estate services and customers.
Cllr Carleene Lee-Phakoe, Cabinet Member for Housing Needs, Homelessness and Private Rented Sector, New Market Place resident Glenda, and Carl Doogan, Head of Operations at Local Space