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Lambeth Council has loaned a further £5.5 million to its wholly-owned house building company, added to £5 million loaned last year. It comes as a progress report on Homes for Lambeth’s business plan for 2020-23, approved by cabinet on March 15, stated a lack of resident support was a “likely” risk to its regeneration programme. The council’s controversial programme, run by HfL, is focused on six estates, including Westbury, Knights Walk, South Lambeth, Central Hill, Cressingham Gardens, and Fenwick. The loaned money is expected to be paid back out of “project surpluses”, profit made from the new homes. But the Green opposition, who are against the demolition of the estates, have warned it is a risky strategy and HfL could end up like Croydon’s failing housing company Brick by Brick.

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