HCA and Mayor rescue 500 stalled London homes
The Homes and Communities Agency (HCA) and the Mayor of London have given affordable housing a boost by announcing a £50 million cash injection for 16 mothballed schemes across the capital
More than £13 million has been pumped into CZWG’s £180 million Rathbone Market in Newham (pictured), while Peter Taylor Associates’ 19-home Elmwood Avenue project in Hounslow as well as Rick Mather Architects’ Chester Balmore scheme in Camden have also received funding.
Altogether the saved projects will deliver 518 affordable homes - homes that were originally included in the previous government’s housing pledge but had been at risk because of funding uncertainties.
The Maccreanor Lavington-designed Area 3 Canning Town project in Newham has also been granted funding, alongside the HTA Design masterplanned West Hendon scheme to build 43 new homes.
Seven of the projects are part of the former Kickstart scheme and nine are local authority led.
The Mayor of London Boris Johnson said: ‘Housing must remain a priority, which is why we have rescued these schemes from the spectre of the credit crunch and delivered the cash needed to get construction up and running but at less cost to the public purse.’
Each scheme is expected to contribute to the Mayor’s target of 50,000 new affordable housing completions by March 2012.
- Skerne Road, LB Kingston, 10 homes to be built by Crest Nicholson with £365,778 funding
- Leopold Estate, LB Tower Hamlets, 33 homes to be built by Countryside Properties with £1,062,000 funding
- C2 Clapham Park, LB Lambeth, 105 homes to be built by Metropolitan Housing Trust with £9,103,000 funding
- West Hendon, LB Barnet, 43 homes to be built by Barratt Metropolitan LLP with £1,576,967 funding
- Hertford road, LB Hackney, 76 homes to be built by Metropolitan Housing Trust with £6,044,049 funding
- Area 3 Canning Town, LB Newham, 37 homes to be built by Countryside Properties with £4,224,000 funding
- Rathbone Market, LB Newham, 68 homes to be built by English Cities Fund with £13,848,000 funding
Former local authority:
- Dabbs Hill Lane, LB Ealing, 8 homes with £716,304 funding
- Chester Balmore, LB Camden, 23 homes with £1,700,000 funding
- Holly Lodge, LB Camden, 15 homes with £1,900,000 funding
- Holly Lodge Estate, LB Camden, 15 homes with £1,500,000 funding
- Elmwood Avenue, LB Hounslow, 19 homes with £1,900,000 funding
- Sheldrake Close, LB Newham, 6 homes with £1,096,550 funding
- Holland Mews Garages, LB Waltham Forest, 12 homes with £1,645,000 funding
- Rayner Garage Site, LB Waltham Forest, 10 homes with £1,400,000 funding
- Rollo Estate New Build, LB Wandsworth, 38 homes with £3,629,000 funding (part of the next phase of their Hidden Homes programme)