Olympic homes to be split between seven boroughs
Seven London boroughs will be able to nominate social tenants for housing in the athletes’ village following the Olympic Games.
Triathlon Homes, the owner of 1,379 affordable homes at East Village, has announced the lettings strategy for 675 social rented homes at the development.
Newham, Barking and Dagenham, Hackney, Havering, Redbridge, Tower Hamlets and Waltham Forest, will all be able to nominate people for homes on the site.
Newham will be able to nominate for half the 675 homes while the remaining boroughs will have access to around 100.
Triathlon will also allocate around 150 of the homes while the Greater London Authority will have an allocation of 70 homes which it will use to facilitate moves throughout London for social housing tenants.
The strategy has been agreed by mayor of London, Boris Johnson, mayor of Newham, Sir Robin Wales, and Triathlon Homes – the joint venture between developer First Base and housing associations East Thames Group and Southern Housing Group.
Mr Johnson said: ‘With quality housing and community facilities right on the doorstep, East Village will offer a great new place for people to live, work and study. It is a fantastic example of how the Olympic legacy is unfolding in the heart of East London, benefiting people not just in Newham but from across the capital.’
Many of the homes will be pre-allocated to potential residents shortly after the Olympics are finished – and up to a year before people move in.
Geoff Pearce, executive director, Triathlon Homes, said: ‘It means that many people will know by the end of the year whether they have been successful in getting a home and have a moving in date for when they’ll become an East Village resident which is really exciting.’
The lettings strategy is aligned with Newham’s proposals to open up social rented housing to those in employment.
For prospective residents who are not employed, the early allocation will facilitate routes to work, by way of skills audits, training and work access programmes, ensuring at least 50 per cent of new tenants will be employed at first let.
The further 704 homes owned by Triathlon will be available as a mix of intermediate market rented and shared equity homes, to provide a range of options to help Londoners get onto the property ladder.
The affordable homes sit alongside a further 1,439 private homes owned by QDD Ltd - a joint venture between Qatari Diar Real Estate Development Company and Delancey.