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Housing Zones OCTOBER 2015

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Housing Zones OCTOBER 2015 HOUSING ZONES OCTOBER 2015 1 2 FOREWORD Our wonderful city is changing at private sale; private rented and a rate not seen since Victorian affordable; and at all price levels. times. Already home to more people than at any time in its Under my Mayoralty, London’s history, London will have 11 getting huge amounts of new million citizens by 2050. It is affordable housing. I am on track growing at the equivalent of a to deliver 100,000 affordable new borough every three years, homes in my two terms, with or a Routemaster bus full of new 81,000 homes already built. residents every eight hours. This year will see the highest number of affordable new homes People are coming here in such in London since the early 1980s. numbers because London is an But more must be done. The economic powerhouse. London scale of the challenge requires is the engine that powers the UK new solutions, new financial economy, is one of only three models and new attitudes to truly global cities, and is a world getting development going. That centre for financial services, is why we are pioneering the insurance, law, culture, media, Housing Zones approach. Using technology and biotechnology. flexibility to do whatever it takes to turbo boost the building of new However, that economic vitality homes in London. does not mean we can rest on our laurels. For at least 30 years, under many different governments, London’s housing supply has not kept pace with its population growth. As a result, we must almost double the Boris Johnson current rate of housebuilding to Mayor of London at least 42,000 homes a year to meet the capital’s historic and future housing needs. There must be a massive increase in the supply of homes of all types: 3 HOUSING ZONEs – an iNTRODUCTION Housing Zones are a fresh new Housing Zones are adaptable approach to housing in London. in terms of both funding and Unlike traditional funding planning. That means it is up programmes, they are area- to London boroughs and their focused and bespoke to suit each partners, to agree with the Mayor location to significantly expand just what each Zone needs. In the number of homes being built. addition to investment, Housing Through the Zones, London Zones will offer focused planning, boroughs and the private sector place-making and intensive can work to build the new homes engagement with a wide range London so desperately needs. of delivery partners important to making things happen, from The programme was launched utility companies to Network Rail by the Mayor of London and the and Transport for London. Chancellor of the Exchequer, George Osborne, in June 2014. We have had an enthusiastic The aim is to create twenty Zones response from London boroughs in London and build 50,000 new around the capital. By the initial homes by 2025. deadline of 30 September 2014, we had received 25 bids. Taken The Mayor has made £400 together, these significantly exceed million of funding available for both the available funding and our Housing Zones. The funding can target to build 50,000 new homes be used flexibly, from financing by 2025. infrastructure to supporting individual schemes. This will maximise the number of new homes built and address the unique challenges at each site. The focus is on recovery and recycling investment, rather than conventional grant. 4 5 HOUSING ZONES – PROGRESS TO DatE The GLA is making a long- provided to those that have not. term commitment to areas This has led to a great variety designated as Housing Zones, of proposals. There are high with the funding expected to be numbers of housing purpose- in place for ten years. Therefore, built for private rent as well as assessing the bids has been a shared ownership homes. There very thorough and demanding has also been an intelligent process, and it is important that mix of different types of homes, the Zones demonstrate they can including family homes and genuinely build more houses in homes designed for older people. the best possible way. This has included carefully examining Several proposals have made ways that for there to be a return ambitious requests in terms of on investment and attracting infrastructure. This includes additional investment, alongside bridges, highways improvements an acceptance of sharing risk and station upgrades. Many of and reward between partners. these are already tapping into planned transport improvements We are delighted that all 25 of that need small amounts of the bids have shown tremendous further funding to maximise ambition and determination. In the opportunity. almost all cases, they are also backed locally by high-level and All 25 Housing Zone bids were strong political and business on previously developed land. commitment. This enthusiasm, So it is not surprising that there combined with areas rich in are issues with contamination opportunity, and with space to and how this can be removed. In accommodate thousands of particular, several sites currently homes, gives the programme house decommissioned gas- firm foundations. holders, which must be moved before homes can be built. The Many of the proposals have Mayor’s funding will help this considered in detail how to build happen – and more. large numbers of homes quickly: appropriate challenge has 6 The 20 Zones that have been • 11 station upgrades, designated will create wonderful • 14 estate regeneration new places to live, offering ‘total schemes, regeneration’, providing new • 11 new or expanded schools, facilities as well as thousands of • 11 new bridges built over homes. For example, they include: water, rail and road to unlock development, • 6 new libraries, • 9 new health facilities, • 8 new civic facilities, • 6 major area of employment land re- designated for housing, • 2 new church, • 11 new park, • 1 ‘3G’ football pitch. 7 LONDON’S HOUSING ZONES Tottenham Meridian Water 29% 40% 1,956 homes 3,650 homes Wembley Blackhorse Lane and 38% 24% 2,380 homes Northern Olympic Park 2,477 homes Alperton 34% Ilford Town Centre 3,213 homes 25% 2,189 homes Enfield 29% Heart of Harrow Barking Town Centre 5,294 homes Barnet 35% homes Harrow 2,295 Haringey Redbridge Havering Edgware Road Waltham 47% Hillingdon Forest 1,113 homes Rainham and Beam Park 27% Islington Hackney Camden Brent Barking and 3,457 homes Dagenham Tower Newham Southall Hamlets 41% Ealing City 4,345 homes Westminster Abbey Wood and South Thamesmead 45% K&C 1,314 homes Greenwich Hounslow H&F Bexley Hounslow Town Centre 40% 3,478 homes Wandsworth Southwark Richmond Abbey Wood, Plumstead upon Thames Lewisham and Thamesmead 41% Lambeth 1,512 homes Clapham Junction to Merton 30% Battersea Riverside Kingston 5,356 homes upon Thames Poplar Riverside 27% Bromley 6,404 homes Morden Town Centre Sutton 40% Croydon 1,070 homes 10% New Bermondsey 2,372 homes 24% Sutton One 1,672 homes Lambeth 1,582 homes 55% Location Total no. of homes Central Activity Zone Proportion of Total Homes that will be affordable (%) Source: GLA, NLP analysis 8 Tottenham Meridian Water 29% 40% 1,956 homes 3,650 homes Wembley Blackhorse Lane and 38% 24% 2,380 homes Northern Olympic Park 2,477 homes Alperton 34% Ilford Town Centre 3,213 homes 25% 2,189 homes Enfield 29% Heart of Harrow Barking Town Centre 5,294 homes Barnet 35% homes Harrow 2,295 Haringey Redbridge Havering Edgware Road Waltham 47% Hillingdon Forest 1,113 homes Rainham and Beam Park 27% Islington Hackney Camden Brent Barking and 3,457 homes Dagenham Tower Newham Southall Hamlets 41% Ealing City 4,345 homes Westminster Abbey Wood and South Thamesmead 45% K&C 1,314 homes Greenwich Hounslow H&F Bexley Hounslow Town Centre 40% 3,478 homes Wandsworth Southwark Richmond Abbey Wood, Plumstead upon Thames Lewisham and Thamesmead 41% Lambeth 1,512 homes Clapham Junction to Merton 30% Battersea Riverside Kingston 5,356 homes upon Thames Poplar Riverside 27% Bromley 6,404 homes Morden Town Centre Sutton 40% Croydon 1,070 homes 10% New Bermondsey 2,372 homes 24% Sutton One 1,672 homes Lambeth 1,582 homes 55% Location Total no. of homes Central Activity Zone Proportion of Total Homes that will be affordable (%) Source: GLA, NLP analysis 9 DESIGNatIONS The Mayor has designated 20 The GLA has allocated over £561 Housing Zones. They are: million of funding to these Zones, of which over £365 million would • Abbey Wood, Plumstead and be repaid. This will help: Thamesmead, • Abbey Wood and South • Attract more than £21.6 billion of Thamesmead, investment, • Alperton, • Create over 120,000 construction • Barking Town Centre, jobs and, • Blackhorse Lane and • Accelerate the building of over Northern Olympic Park 53,000 new homes, over 17,000 of which would be affordable. • Clapham Junction to Battersea Riverside, You can find out more about • Edgware Road, Housing Zones, and how they • Heart of Harrow, can help London get the new • Hounslow Town Centre, homes it needs, by reading about • Ilford Town Centre, the individual 20 Zones on the following pages. • Lambeth, • Meridian Water, • Morden Town Centre • New Bermondsey, • Poplar Riverside, • Rainham and Beam Park, • Southall, • Sutton One, • Tottenham, and • Wembley. 10 11 Housing Zones by Numbers £21.6bn £561.8m Total value of investment Indicative GLA funding allocation and development £329m 53,166 Amount of funding repaid Total number of homes 17,355 4,912 Total number of affordable Total number of affordable homes 2015-2025 homes 2015-18 Over 4300ha Over 120,000 Total Housing Zone area Total number of construction jobs 113 Total number of schemes 12 13 ABBEY WOOD, PLUMSTEAD AND ThamESMEAD ROyal BOROUGH OF GREENWICH The Royal Borough of Greenwich The new Housing Zone will: in partnership with Peabody • unlock the huge potential Trust has identified Abbey Wood for over 1,500 new homes Plumstead and Thamesmead as a and thousands of jobs by Housing Zone with the ambition to transforming and reshaping provide 1,512 new homes, (44% existing uses and unlocking of which would affordable) and new development sites 3,024 jobs.
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