By Bhvishya Patel For Mailonline
Published: 17:42 GMT, 2 March 2021 | Updated: 17:42 GMT, 2 March 2021
The UK's first retirement community for elderly LGBT+ people has been given the green light to open in London later this year.
Tonic Housing said it would purchase 19 already built flats at the Bankhouse development in Vauxhall after securing a £5.7 million loan from the Mayor of London Sadiq Khan.Insurance Loans Mortgage Attorney Credit Lawyer
The one and two-bedroom apartments apartments will be available to buy on a shared-ownership basis in late spring, with the first residents expected to be moved in by mid-summer.
Mr Khan said he was 'proud' to be helping to open the facility which would enable older Londoners to be able to 'enjoy their later years'.
Tonic Housing will open the first retirement community for elderly LGBT+ people later this year
He said: 'London is an open, diverse, inclusive city and I'm delighted to see these long-held plans come to fruition with the help of this loan and my Community-led Housing Hub.
'Older Londoners deserve to be able to enjoy their later years in comfort and security, surrounded by a thriving, supportive community.
'I look forward to seeing this realised at Bankhouse and to supporting Tonic's work to establish further LGBTQ+ affirming