Nearly £600m will be poured into housing projects near key railway stations, housing minister James Brokenshire has announced.
Up to £250m will got towards the construction of up to 13,000 new homes close to the new HS2 railway station at Old Oak Common, near East Acton.
The new station at Old Oak Common is set to open for HS2 by 2026, creating 65,000 jobs. It will also provide a vital link to the £17.6bn Elizabeth Line, which was set to open last December but has been delayed indefinitely.
The government has also announced £320m for a new Brent Cross West Thameslink station which will lead to 7,500 new homes being built.
Brokenshire said: "We are working to create homes, opportunities and thriving communities, especially in London which faces the most severe and unique housing pressures in the country.
"The HS2 station at Old Oak Common will offer a new gateway to London, while a new station in Brent Cross can be the catalyst to build thousands more much-needed homes.
"Together, this £570m package of investments will allow thousands of families the opportunity to realise their dreams of home ownership. It will provide up to 20,000 new homes, support new jobs and benefit from new transport infrastructure.
London mayor Sadiq Khan, said: “Old Oak and Park Royal is one of the capital’s most important regeneration projects with the capacity to deliver tens of thousands of new, genuinely affordable homes and jobs
“Therefore, I’m pleased that government have shown its support for our vision through this funding grant. This money will let us enter a new stage in the development of Old Oak, delivering the essential infrastructure to make the Old Oak dream a reality."