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After a number of years of moving from one temporary home to another, a mother and her two children moved into a beautifully refurbished three-bedroom house in Bromley in November 2021, thanks to PIC’s £67 million investment in an innovative affordable housing deal with the London Borough of Bromley. The funds were used to purchase 300 affordable properties outright, significantly reducing the Council’s cost of emergency nightly accommodation.
"We are delighted to have completed this deal, which will allow us to help families in genuine need whilst better managing Bromley’s budget. I’d like to thank the team at PIC for their flexible and innovative approach to structuring this deal, which is positive news as we seek to proactively tackle the blight of temporary homelessness."
Peter Morgan
Bromley’s Executive Councillor for Renewal, Recreation and Housing
