Housing Zones will bring accelerated house building to areas across London with high potential for growth and new jobs in the construction trades.
About Housing Zones
The Mayor, Boris Johnson, invited bids for the development of 20 Housing Zones from London boroughs as part of his Housing Strategy.
A total of £400 million in funding was made available by the Mayor and government for the construction of 50,000 new homes.
The programme will also provide 100,000 associated jobs over the next ten years.
The building of homes in these areas will be supported by a range of planning and financial measures. All Housing Zones will be set up by an agreement which shares the duty of building these homes between partners. This will ensure the numbers of planned new homes are built.
How the funding will benefit the zones
These 20 zones will collectively provide:
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more than £21 billion of investment
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over 120,000 construction jobs
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over 53,000 new homes, of which around a third will be affordable
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major station upgrades
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new schools
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new bridges
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new community amenities such as sports centres, libraries, parks and health centres
More information on the first