HCA invest £16m to ‘kick start’ regeneration projects
The Homes and Communities Agency (HCA) is to bail out two more cash-strapped development programmes.
The government quango is injecting £13 million into the revamp of Clapham Park in the London borough of Lambeth by Levitt Bernstein and Pollard Thomas Edwards, and a further £3 million into Hale Village in Haringey by BDP and KSS.
Hale Village, near Tottenham Hale station, will include 300 homes, a hotel, commercial properties and green space. KSS has designed the new housing blocks for Newlon Housing Trust. The project will cost £400 million.
The first scheme to be completed will be a 700-bed student accommodation block, due to open in September 2009. It has been developed and will be managed by the UK’s leading student accommodation provider, Unite. BDP has carried out the masterplan and designed the student accommodation block.
The Clapham Park project, which involves 3,000 homes, will be redeveloped by Lambeth Council and Clapham Park Homes.
Hale Village and Clapham Park are the latest regeneration sites to be targeted for ‘kick start’ funding by the HCA’s London Board. Five schemes were announced in March as part of the strategy to stimulate housing construction in the capital.
Robert Napier, Chairman of the HCA and Vice-Chairman of its London Board said: ‘Our job is to keep projects like Hale Village and Clapham Park moving during these difficult times. This funding package will guarantee the next phases of these developments, which will produce well-designed and affordable homes, new jobs and wider community benefits. The London ‘kick start’ programme has already helped unlock more than 1,800 homes for Londoners across seven projects.’
The Chancellor, Alistair Darling, announced the national kick start programme in April. A total of £400m will be poured into private sector house building nationwide.