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A site in east London will be the first development in the capital to offer only affordable housing. The 330 new homes in Waltham Forest, Walthamstow, will be aimed at first-time buyers. The former Webbs industrial estate, which had lain derelict for seven years, was bought by the Greater London Authority last year and the tender to develop affordable homes was put out to tender.
Catalyst Housing Association won the right to be preferred bidders and they will now work with architects CF Moller and other housing associations to create the development. Along with a variety of homes, the site will also house creative workspaces, artist studios and retail units.
The homes will all be affordable and also eligible for shared ownership to widen as far as possible the net of potential owner-occupiers.
London mayor Sadiq Khan pushed through the purchase of the land, which lies in Waltham Forest borough, after a proposal to build a free school there fell through.
Mr Khan said: “I’m doing all I can to help fix London’s housing crisis, but it will take time to turn things round. We’ve already taken big steps forward – my new planning rules will help raise affordable housing levels in new developments, and my £3.15 billion funding deal with government will help to build an extra 90,000 genuinely affordable homes to rent and buy.
“I’m working hard to identify more brownfield sites across London that we can use to build the thousands of affordable homes London so desperately needs.”
The mayor has put aside an initial £250 million to buy and prepare land for new and affordable housing, outlined in his draft Housing Strategy for London. Any profit made from selling land to developers will be reinvested in buying more land across the capital.
The Housing Strategy aims to build 90,000 affordable homes by 2021 and encourage the building of more; get a better deal for private renters; support community builders and other new housing providers; and help tackle homelessness.
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