Southall to become key housing zone
by James Wood Tue 17 June 2014, 11:29 am
Southall has been identified by the mayor as one of 20 ‘housing zones’ in London, as part of measures to curb the capital's housing shortage.
Mayor of London Boris Johnson and chancellor of the exchequer, George Osborne, revealed intentions to oversee the building of up to 50,000 new homes on brownfield sites across the zones.
The new measures would see local authorities identify sites for residential development. All planning restrictions would then be lifted to help accelerate housebuilding, with loans made available for all necessary remedial work.
Osborne said: “A key part of our long term economic plan is to build the houses Britain needs, so that families have the economic security that comes with home ownership. House building is at its highest since 2008 across London and England, but there is still a lot more to do to tackle the UK’s long term housing challenge.
Johnson said: "Housing is the biggest challenge facing London’s economic development and these new £400 million housing zones will turbo boost housing supply across the capital.
“This major regeneration will transform communities and provide up to 50,000 much needed homes. They will support 250,000 Londoners into low cost home ownership over the next decade."