Olympic homes split favours social tenants
Almost half the affordable homes at London’s Olympic site will be let to social tenants, according to the man behind the partnership due to buy them after the 2012 Games.
Of the 2,800 homes that will be formed from the Athlete’s Village, 1,379 are currently expected to become affordable housing. 675 of these will be for social rent, with 356 for intermediate rent, 269 part-buy part-rent and 79 for shared equity buyers.
The tenure split emerged during an interview with Elliot Lipton, director of Triathlon Homes, a joint venture between his own company First Base, East Thames Housing and Southern Housing Group.
With the Olympic Delivery Authority yet to find a buyer for the Village’s market-sale properties, the number of affordable homes at the site may yet rise.
‘It’s not in our nature to rule anything out,’ replied Mr Lipton when asked whether Triathlon would buy any of the unsold homes.
See the full interview in tomorrow’s Inside Housing
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Readers' comments (1)
Len White | 10/09/2009 1:12 pm
This story proves that spin works. Under the previous Mayor, there was a general requirement that 50% of development should be affordable and, of the affordable homes, 70% should be for social rent and 30% for intermediate tenures. This reflected housing needs in London. Under this major development, although the 50% target is met, only 49% of the affordable element will be for social rent. So Boris Johnson's policy means a loss of around 290 social rented homes compared to Ken Livingstone's policy. So how on earth can it be said that 'the split favours social tenants'? The truth is the opposite and it's another example of how Johnson is betraying the interests of people on low incomes.
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