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Council working hard to see thousands of new homes built

It won’t have escaped anyone’s notice that Waltham Forest is going through an unprecedented period of growth and transformation. For those people who already own homes in the borough, the increase in values of over 25 per cent in twelve months will also have not gone unnoticed.


But the development and regeneration projects being carried out the length and breadth of the borough will not just benefit those already on the housing ladder. “The Council has committed to improving housing across the board, and over the next five years is planning for 8,000 new homes – half of which will be affordable,” said Councillor Khevyn Limbajee, Cabinet Member of Housing.


“We recently submitted a bid to the Mayor of London to create a new Housing Zone in the Blackhorse Lane area. If successful, this will accelerate the delivery of up to 2,500 new homes and 1,000 new jobs.”


Blackhorse Lane is the largest regeneration site in the borough, with over £200million of investment secured from developers creating the potential to provide a diverse character and a unique location.


Separately, next month the Council will consider a recommendation to create a Special Purpose Vehicle (SPV) in order to look to increase the level of house building over the coming years.


Central Government places controls on the amount of money Councils are permitted to use for house building and improving council housing. The SPV (if agreed) would allow the Council to build more homes and retain greater control over the properties built by constructing them on land that it owns.


Earlier this year, the Council announced it will embark on a programme to build 435 new council homes using £16.7m of grants and loans over the coming three years. These homes will be in addition to the new homes that would be built through the Council’s SPV.


The Council also works with developers such as East Thames Housing Association that built the 326 home Papermill Place development in the Blackhorse Lane area over the past few years.


Earlier this month East Thames secured planning permission for a new development on Sutherland Road that will provide a further 59 new homes, 43 of which will be available for shared ownership and 16 for affordable rent.


Similarly the homes currently being marketed at The Scene at Cleveland Place will see 121 new apartments built. A shared ownership (part buy, part rent) scheme allows people with a gross household income of up to £66,000 per annum to purchase the one and two bedroom apartments, and those earning £80,000 per annum to purchase a three bed apartment.


The Council is also determined to improve the housing it currently owns, with both the Marlowe Road and Montague Road Estates subject to programmes of major change.


In Marlowe Road 214 social housing homes and shops will be demolished, with all of the social homes replaced, but with new market sale and shared ownership homes and shops also built.


The Fred Wigg and John Walsh towers in Montague Road will be completely stripped back to their concrete frames, with a new block of Council housing created between them.


Not only will these provide homes that meet residents’ needs by offering more space and bedrooms, but there will also be 40 shared ownership homes available for people needing a helping hand with getting on the property ladder.  


If you would like more information about any of these press releases or have a different media enquiry please contact us at media@walthamforest.gov.uk or on 020 8496 3000.