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Housing zones

Housing zones. SOUTH WEST LONDON HOUSING PARTNERSHIP CONFERENCE - JULY 2014. Why housing zones?. Homes for Londoners. Delivering homes that are affordable for Londoners in ordinary jobs Area focus means owner-occupation will be within reach

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Housing zones

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  1. Housing zones SOUTH WEST LONDON HOUSING PARTNERSHIP CONFERENCE - JULY 2014

  2. Why housing zones?

  3. Homes for Londoners • 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

  4. What is on offer? Tailoring of policies £400m Delivery Framework Evidenced proposals considered Housing Zone

  5. What & where? • 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

  6. How would they work? • 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

  7. Front-runners • 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

  8. Tottenham Hale

  9. Questions?

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