by Natalie Vincent Tue 29 August 2017, 10:35 am
Mayor of London Sadiq Khan has announced a 100% affordable housing scheme for first-time buyers in Waltham Forest, which would be the first of its kind for London.
Webbs Industrial Estate on Sutherland Road was purchased last November by City Hall as part of its £3.15 billion Affordable Homes Programme. The site, which previously housed a lightbulb factory, had not been used for 13 years.
With 330 homes due to be built, Khan gave assurances that all properties will be allocated for shared ownership, his favoured choice for affordable housing.
He said: "I'm doing all I can to help fix London's housing crisis, but it will take time to turn things around. I've been honest from the start – this is going to be a marathon, not a sprint. But we're already taking big steps forward – my new planning rules will help raise affordable housing levels in new developments, and my £3.15 billion funding deal with the government will help to build an extra 90,000 genuinely affordable homes to rent and buy."
The development will also include a creative hub providing more than 3,000sq m of affordable workspace and artist studios, a park and retail space. Catalyst will be working with Swan Housing Association and C.F. Møller Architects.
Councillor Clare Coghill, leader of Waltham Forest Council, said: "We are really pleased that the first site of 100% affordable London housing, will be found in Waltham Forest, regenerating an old disused factory. We fully support the mayor's affordable homes ambition and we are committed to making sure our residents have access to these homes."
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