Affordable homes and
development
Our aim is to maximise people's
choices and aspirations through a range of tenure types.
Increasing our provision of new homes
We work with affordable housing providers and funders
to:
- secure the development of schemes that meet the housing needs
of Newham
- support our wider objectives of building balanced and
sustainable communities.
The supply of high-quality, accessible and environmentally
friendly homes is key to our vision of creating and maintaining
sustainable communities.
Our target is to provide 50,000 additional residential units up to
2020. In general, the council seeks 35 per cent affordable housing,
of which 60 per cent will be for social rent and 40 per cent for
low-cost home ownership and sub-market rent (also known as
intermediate rent and discounted market rent). However, the
specific proportions will vary in accordance with site
characteristics.
Some of the schemes being developed in Newham are as follows.
- Stratford City: 5,400 homes of which 4,200
will form the major part of the Olympic Village complex. Thirty per
cent of the housing will be affordable with 60 per cent being for
social rent and 40 per cent low-cost homes.
- Silvertown Quays: This scheme will provide one
of the largest regeneration schemes in Europe with around 5,000 new
homes, 27.5 per cent of which will be affordable. The redevelopment
will also provide a state-of-the-art aquarium known as Biota, along
with shops, restaurants and other leisure facilities.
- Bow Bridge: One Housing Group has acquired 122
affordable housing units in this 301-unit scheme. On site there are
38 social rent units and 84 shared ownership units. Toynbee will be
providing five three-bed houses elsewhere in the borough.
You will find further information about planning policies on the
Planning page of this
website.
What type of affordable homes can I find in
Newham?
You can either buy or rent a property from an affordable housing
provider.
There are low-cost homes to be owned for both low and moderately
paid working households. Alternatively, homes can be rented either
at a subsidised rent (social rented housing) or at a sub-market
price (intermediate affordable housing).
You will also find housing provision for key public-sector workers
as well as supported housing for more vulnerable members of the
community.
Where can I go for further information about affordable
housing?
- You can obtain more details on any of the affordable homes
schemes described in this page directly from the HomeBuy Agent on
0845 230 8099 or Communities and Local
Government.
- Your local
service centre should be able to give you helpful advice and
more detailed local information.
- Details on other housing schemes available to Newham tenants
can be found via Newham
Housing Options