HOUSING ZONES

SOUTH WEST LONDON HOUSING PARTNERSHIP

CONFERENCE - JULY 2014

WHY HOUSING ZONES?

• Delivering homes that are affordable for Londoners in ordinary jobs– Area focus means owner-occupation will be within reach

– Aiming for significant numbers of First Steps homes

• Marketing restrictions in line with Concordat– Potential to restrict sales to owner-occupiers, who will be resident in London

HOMES FOR LONDONERS

WHAT IS ON OFFER?

DeliveryFramework

Housing Zone

£400m

Tailoring of policies

Evidenced proposals considered

• 20 Housing Zones– Primarily expected to be in Opportunity Areas

• Initially deliver at least 50,000 homes with an aspiration to deliver more in the longer-term– Up to 100,000 jobs

• Flexible funding - £400m– £200m allocated from GLA housing capital budgets

– £200m HMT recoverable investment

WHAT & WHERE?

• Boroughs bid – showing commitment and offering ‘something-for-something’

• Flexibility in timing– GLA ready to assess bids as soon as they are ready

– Prioritise early outputs but also offer long-term support

• Designation will involve agreement of firm contractual targets and strong governance oversight

HOW WOULD THEY WORK?

• Five boroughs listed as case studies– Depicts the concept in different ways

• Tottenham Hale, Haringey• Meridian Water, Enfield• Southall, Ealing• South Poplar, Tower Hamlets• York Rd & Winstanley Rd Estates, Wandsworth

FRONT-RUNNERS

Tottenham HaleTottenham Hale

QUESTIONS?