"Housing zones" to be identified
by James Wood Tue 17th June 2014, 12:07 pm
Measures to curb the capital's housing shortage have been announced, with plans to create 20 "housing zones" on brownfield sites in London.
The mayor of London Boris Johnson and chancellor of the exchequer, George Osborne, visited Enfield’s 85-ha Meridian Water site on Friday 13 June, where they revealed ambitions to build 50,000 homes across the zones. £200 million will be provided for the scheme.
The new housing zone measures would see local authorities identify sites for residential development. All planning restrictions would then be lifted to help accelerate housebuilding.
Loans will be made available to the local authority for all necessary remedial work at the site.
The mayor will work with a number of London boroughs to test the concept.
• Meridian Water in Enfield
• Tottenham Hale in Haringey
• Southall in Ealing
• South Poplar in Tower Hamlets
• Winstanley and York Road in Wandsworth
Other sites are to be announced.
Osborne said: “A key part of our long term economic plan is to build the houses Britain needs, so that families have the economic security that comes with home ownership. House building is at its highest since 2008 across London and England, but there is still a lot more to do to tackle the UK’s long term housing challenge.”
Johnson added: “Housing is the biggest challenge facing London’s economic development and these new £400 million housing zones will turbo boost housing supply across the capital. This major regeneration will transform communities and provide up to 50,000 much needed homes. They will support 250,000 Londoners into low cost home ownership over the next decade. ”