As part of keeping residents updated on the Walthamstow Town Centre Development proposals, regular updates have gone out to all those who have requested these on this subject. The below message regarding the Mayor of London's decision on this development was sent to residents on Tuesday 20th March 2017.
Apologies for the third email in one week, but have just received this from the Mayor of London's office regarding the Walthamstow Town Centre Development- as you will see the Mayor has given this development approval and as part of this the amount of affordable housing in the proposal has been increased to 30% from 20%.
The Mayor states " This increase will be secured through an additional £7.3m from the development that will fund new council homes for genuinely affordable rent in Walthamstow." I have no doubt that many of you will have questions about what this means and so I have asked for further information on this part of the new plans from both the Council and the Mayor's office which I will share as soon as it is available. I have also again requested the viability statement which covers the nature of the 'exceptional costs' also mentioned in this release.
I hope the below is of interest and kind regards
Tuesday 20 March 2018
Mayor and Council boost affordable housing in Waltham Forest
- Mayor hands over former Webbs industrial site to housing associations for 100 per cent affordable scheme
- Sadiq and Waltham Forest secure new council homes through Mall plansafter listening to local community
The Mayor of London, Sadiq Khan, today further underlined his commitment to working with Waltham Forest Council to deliver more genuinely affordable homes for Londoners as two major developments took important steps forward.
Sadiq has handed over the Webbs Industrial Estate site in Walthamstow to Catalyst and Swan Housing, who will deliver around 330 new homes - all of which will be affordable. The homes will be targeted at first-time buyers through shared ownership, one of the Mayor’s favoured housing delivery schemes in his £3.15bn Homes for Londoners programme.
The Mayor instructed the Greater London Authority to purchase the site in July 2016, and then agreed a sale to Catalyst the following August with the provision that all homes delivered there would be affordable. The site will also become home to a creative hub providing more than 3,000 square metres of new affordable workspace and artist studios, retail space in the heart of the Blackhorse Road area, and a green link which will provide easy access to Blackhorse Road station.
Today the Mayor has also approved plans for redevelopment of The Mall shopping centre in Walthamstow with more than 500 new homes. The plans were recently approved locally with 20 per cent affordable housing – but after listening to the local community, and by working closely together over recent weeks, the Mayor and Waltham Forest Council have boosted this to 30 per cent. This increase will be secured through an additional £7.3m from the development that will fund new council homes for genuinely affordable rent in Walthamstow.
The level of affordable housing has been scrutinised in detail by the Mayor’s planning team, who agreed that this is the maximum amount which can be provided. The site is subject to exceptional costs – including complex foundation works to keep the shopping centre open during construction and to avoid damaging the nearby Victoria line tunnels and Walthamstow Central station. The Mayor and council worked together to boost the number of genuinely affordable homes for rent.
The plans to redevelop Walthamstow Mall, approved by Waltham Forest Council planning committee in December and now approved by the Mayor will bring 200 million pounds of private investment, 8,000 square meters of new retail space, 350 new permanent retail jobs and a new children’s play area.
The Mayor of London, Sadiq Khan, said: “Today is an important day in the delivery of genuinely affordable homes in Waltham Forest – an area of the capital which has seen significant pressure on housing and a sharp rise in property prices in recent years – and we have listened carefully to the local community.
“Through these two developments, Londoners will soon be able to benefit from hundreds of new genuinely affordable homes, including those that the council will look to build through their own homebuilding programme.”
Waltham Forest Council Leader, Cllr. Clare Coghill said: “The Mayor’s decision to approve the redevelopment of the Mall in Walthamstow will radically improve the town centre, replacing the existing town square and shopping centre which is tired, underused and not good enough for our residents.
“A new and expanded Mall will give a significant boost to the area, including creating 350 new permanent jobs as well as giving our residents the opportunity to shop in the borough rather than going further afield, which has a detrimental effect on our local economy.”
In 2016, the Mayor instructed the GLA to buy the former Webbs Industrial Estate, now known as Blackhorse Yard, with the intention of finding a development partner to build more new and genuinely affordable homes for Londoners. The site had stood derelict for seven years.
The site attracted a City Hall record of 13 bids, with Catalyst selected as preferred bidder. Catalyst will work in conjunction with Swan Housing Association and C.F. Møller Architects.
Notes to editors:
- Shared ownership is one of the Mayor’s favoured housing delivery schemes in his £3.15bn Affordable Homes Programme for 90,000 homes, alongside London Living Rent and London Affordable Rent. Shared ownership homes allow a home buyer to purchase a share in a new home, and pay a regulated rent on the remaining, unsold share.
- The Mayor also recently secured an additional £1.67 billion from government, which will fund 26,000 further homes including those based on social rent levels.
- For more information what the Mayor is doing to tackle London’s housing crisis, visit: www.london.gov.uk/what-we-do/housing-and-land/homes-londoners.