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Mayor of London gives £50m funding for Waltham Forest and Wembley housing developments

The Greater London Authority has today revealed its latest designated housing zones, which will deliver nearly 5,000 homes to the capital.

The two new zones – Waltham Forest and Wembley – will receive £50m of funding from the mayor of London’s housing zones initiative.

The announcement brings the total number of housing zones created in the capital to 11, with nine more to be revealed before the end of summer.

The housing zone initiative saw boroughs bid for a share of £400m to accelerate housing delivery in their area.

The Waltham Forest housing zone will enable the regeneration of the Blackhorse Lane and Northern Olympic areas, creating two new ‘villages’ connected by the Lea Valley regional park.

The zone will receive £42m towards 2,477 new homes, with 596 affordable properties.

In Wembley there will be five phases of development along the east of Wembley High Road and towards the stadium.

The zone will receive £8m and create at least 2,380 homes, 894 affordable properties.

 

 

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