Council in bid to let new homes at social rent level
A council has secured extra grants from the Homes and Communities Agency to ensure that new homes in a proposed regeneration scheme can be let at social rent levels.
Southwark Council has been told that the HCA will support its plans to set rent levels at a number of homes in the Heygate re-housing programme - in the regeneration of Elephant and Castle - at social levels as opposed to the ‘affordable’ rate of 80 per cent of market rate. Currently the average weekly social rent for a two-bedroom property in the area is £75-a-week.
As yet, the amount of cash and number of homes has not been revealed as the council said plans were still in the early stages, but the council announced today that it had entered into a partnership with Guinness Housing Association to deliver the homes when complete.
The plans are to go on show this week and the council said it had tried to address a number of concerns that members of the public had when the first proposals were announced in 2004.
Fiona Colley, cabinet member for regeneration, said: ‘We have listened to local people’s concerns and, as promised, a solution has been found which presses ahead with our commitment to providing more genuinely affordable housing, but also avoids building on any part of Nursery Row Park, a green space people use and enjoy.’
The plans will be on show at the Consultation Hub in Walworth Road from 2pm to 8pm on Tuesday and from 10am to 5pm on Saturday.