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Stratford City
Stratford City- Housing
A massive development project that will bring almost 5,000 homes and 30,000 jobs to Stratford was given outline planning consent. The plans include, among others, the construction of 4,850 new homes for approximately 11,000 people.
30 per cent of the homes in the Stratford City development will be affordable (shared ownership, key worker and social rented). An independent financial appraisal was carried out for Newham and the Greater London Authority by ATIS REAL Wetheralls, which concluded that 30 per cent is the level of affordable homes this particular development could support without becoming economically unviable.
A legal agreement means that if more funding becomes available to support affordable housing, a further 5 per cent could be achieved. This means a minimum of 1,350 new homes in Stratford for those in need of social housing or who can't afford full market prices. Also included is a drop-in health centre and primary care centre plus community facilities including an employment bureau and youth facilities. There will be a four-form primary school, a secondary school for up to 900 pupils, a four classroom nursery and facilities for lifelong learning plus large amounts of public open space, games areas and water features. A library, visitor information centre, crèches, day-care facilities, public service and security offices, civic offices and facilites for community groups and places of worship are also in the plan.
Stratford City is a partnership between London & Continental Railways, Chelsfield and Stanhope.For more information on Stratford City see www.futurestratford.com
For details on how the Olympics could boost regeneration in the area see www.olympics.newham.gov.uk .|
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