Two major Housing Zones launched in Waltham Forest and Wembley will see the building of thousands of homes that will create 12,000 new jobs and boost the construction trades.

The Waltham Forest Housing Zone will enable the housing led regeneration of the Blackhorse Lane and Northern Olympic areas, creating two new villages connected by the Lea Valley regional Park. The Zone will receive £41,985,000 towards 2,477 new homes, with 596 affordable properties.

Councillor Khevyn Limbajee, Waltham Forest Cabinet Member for Housing, said: “This is great news for Waltham Forest residents looking to continue to live in the borough.

It will allow us to accelerate the delivery of up to 2,500 new homes and create 1,000 new jobs. With over £200million of investment secured from developers we now have the opportunity to enhance the diverse character of this unique location.”

In Wembley there will be five phases of development along the east of Wembley High Road and towards the Stadium. The Zone will receive £8,000,000 and create at least 2,380 homes, 894 affordable properties.

The two new Zones take the total number of current Zones in the capital to eleven, with the Mayor announcing the first nine last month. The Zones are part of the Mayor’s commitment to double house building as London’s population continues to boom.

The current Zones will collectively create 32,810 homes, thousands of construction jobs, major station upgrades; new schools; new bridges, and over 38,000 homes, (more than a third will be affordable) and 66,000 construction jobs.