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HCA invests £16 million to kick start London schemes

Huw Morris, PlanningResource, 5 May 2009

The London board of the Homes and Communities Agency (HCA) is to invest over £16m to kick start two developments that have been hit by the economic downturn.

The board, chaired by the mayor of London Boris Johnson, is allocating  £13 million to Clapham Park, a 3,000-home estate in the London Borough of Lambeth.

An initial investment of £3 million is being made by the HCA to ensure the development programme continues at Hale Village beside Tottenham Hale station in the London Borough of Haringey. 

An urban village will be created on the site with mixed tenure homes, a hotel, commercial space, community facilities, high-quality public realm and green space.

The funding will enable Lee Valley Estates and Newlon Housing Trust to complete the first phase of the development which includes 314 homes. 

Both schemes will contribute to Boris Johnson’s affordable housing targets.  

 

huw.morris@haymarket.com

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