Our journey

For 20 years, we’ve worked with local authorities to deliver practical, long-term solutions to homelessness, bringing empty homes back into use and providing high-quality homes for those who need them most.

Our timeline sets out where it all began and how far we’ve come since 2006.

2006

A new approach to tackling homelessness

In the mid‑2000s, Newham was facing unprecedented housing pressure, with around 25,000 households on the waiting list and rising homelessness. In response, Newham Council and a group of housing professionals created Local Space, a new kind of organisation designed to bring private finance into the fight against homelessness.

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The council transferred 450 homes to Local Space. These properties were refurbished and used as security to borrow funds, enabling the purchase of around 1,000 additional homes. All were leased back to Newham, providing guaranteed, high‑quality accommodation for families in urgent need.

This innovative model, using gifted assets to unlock private investment for homelessness, was one of the first of its kind.

2007

Supporting regeneration in Forest Gate

Local Space merged with Passmore Urban Renewal, an initiative created to support the regeneration of Forest Gate. Through this merger, Local Space took on 132 key worker homes, becoming a direct landlord for the first time.

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These homes helped bring economic diversity to the area at a time when Forest Gate was experiencing decline, and they remain part of Local Space’s portfolio today.

2010

Expanding with the Settled Homes Initiative

National housing policy shifted in 2010 with the introduction of the Localism Act, which allowed councils to meet their homelessness duties through the private rented sector.

Local Space became a delivery partner in the government’s Settled Homes Initiative, working with Hackney, Waltham Forest and the City of London.

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Under this programme, Local Space purchased and refurbished homes that were then let at intermediate rents. This marked a major evolution, as Local Space began directly managing tenancies rather than leasing homes back to councils.

A small number of City of London homes later converted to social rent, becoming the first social rented homes in Local Space’s portfolio.

2012

The Olympic effect and a new wave of growth

The London Olympics transformed East London’s housing market, increasing the value of Local Space’s existing stock. This uplift allowed the organisation to borrow again and launch Growth Property A (GPA), a programme to acquire and refurbish around 700 homes for families experiencing homelessness in Newham.

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Local Space as the landlord appointed Newham Council to act as their managing agent, ensuring continuity for residents while Local Space continued to grow.

2014

Local Space in Essex

Ahead of GPA negotiations, Local Space acquired a small portfolio of homes in Essex. Although Newham ultimately did not take nomination rights, these homes became part of Local Space’s wider offer to support people in housing need.

2016

Strengthening the partnership with Newham

The original 30‑year agreement governing the 450 gifted and 1,000 acquired homes was extended, aligning it with the new GPA portfolio. This cemented a long‑term partnership between Local Space and Newham to provide stable, affordable homes for families facing homelessness.

2018

Growth Property B with Waltham Forest

Local Space partnered with Waltham Forest Council to deliver new homes partly funded through Right to Buy receipts. These homes were let to families experiencing homelessness, expanding Local Space’s tenure mix and deepening its regional partnerships.

2021

Increasing affordability

A portion of GPA homes were converted from intermediate rent to affordable rent, with rent levels set at the Mayor of London’s London Affordable Rent benchmark rates helping Local Space support households struggling with rising living costs.

2022

Supporting young people leaving care

Local Space took on Terry Waite House, a supported housing scheme for young care leavers. Newham acts as the managing agent, while Local Space ensures safe, high‑quality accommodation for young people transitioning to independence.

2023

Taking back management and growing independence

Local Space began taking back the management of GPA homes from Newham, significantly increasing the number of residents it serves directly.

Local Space also expanded its partnership with Newham through a growing lease scheme. Under this model, Newham purchases homes and leases them to Local Space, which then manages the homes and lets them to households nominated by the Council. What began with around 150 intermediate rent homes has grown into one of Local Space’s largest sources of new homes, helping reduce reliance on expensive nightly paid accommodation.

2024 to 2026

A modern housing association with a clear purpose

Local Space now directly manages over half of its homes, with a strong focus on customer service. The organisation continues to:

  • Provide high‑quality homes for people experiencing homelessness.
  • Work in partnership with local authority partners.
  • Review and reshape its portfolio to stay focused on its core mission.

What began in 2006 as an innovative experiment has become a thriving, independent housing association supporting thousands of people in London.

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