Council accepts just a fifth of homes would be affordable
Affordable housing slashed as L&Q presses on with dog track plan
Council officers will recommend that a controversial plan to build a housing estate on a former iconic dog track is approved, after slashing the developer’s affordable housing requirement.
London & Quadrant’s proposal to develop 294 homes on the site of Walthamstow Stadium comes before a committee of Waltham Forest councillors on Tuesday, 8 May.
The plan is opposed by work and pensions secretary Iain Duncan Smith and MP Stella Creasy. Campaign group Save Our Stow wants the site to be sold to millionaire Bob Morton, who last week outlined details of alternative plans to reintroduce dog racing to the site.
Despite Mr Duncan Smith’s opposition, a report going to councillors on Tuesday calls for the scheme to be given permission, subject to L&Q
paying more than £3.8 million in section 106 contributions and meeting 46 conditions.
The council has now reduced the level of affordable housing it requires for the scheme. L&Q’s plan provides 234 homes for private sale, 36 for shared ownership and just 24 four-bedroom homes let under the government’s affordable rent product - far short of council guidelines stating that 50 per cent of new homes should be affordable.
The council report accepts the section 106 contribution offered by L&Q is the ‘maximum that can be reasonably achieved having regard to other development considerations and costs’.
An L&Q spokesperson said the agreement reflects its viability assessment. The authority recommends L&Q proves at each phase of the scheme that it cannot afford to provide more affordable housing.
Inside Housing is carrying out a survey looking at house building in England, in partnership with H+H, with £500 of Marks & Spencer vouchers on offer for one participant. Complete the survey to let us know your views, and be in with chance of winning the prize.