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Housing association named as partner for 'one of Europe's most ambitious regeneration projects'

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Housing association named as partner for 'one of Europe's most ambitious regeneration projects'

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Published by Max Salsbury for 24dash.com in Housing and also in Development, Local Government

Government withdraws PFI funding for Aylesbury Estate regeneration Government withdraws PFI funding for Aylesbury Estate regeneration

Southwark Council has selected a housing association as a development partner for the delivery of "one of the most ambitious regeneration projects in Europe".

Following an 18-month procurement process, Notting Hill Housing Trust has been chosen to work with the council on the regeneration of the Aylesbury Estate.

Councillor Fiona Colley, cabinet member for regeneration, said: “Southwark Council’s long planned regeneration of Aylesbury Estate has been led by and for local people, who experience first-hand its positive merits, its vibrancy and also its challenges. We support and share residents’ determination to drive forwards this complex project with the potential to improve the wellbeing of this tight-knit Walworth community for many years to come.

“I am delighted at the milestone we have reached in appointing a preferred partner who will help us build a new neighbourhood that will deliver not only new homes, but also jobs and amenities. I am certain that Notting Hill Housing Trust shares this vision to create a fairer future for the borough’s residents and I very much look forward to working with them.”

NHHT will be required to provide a minimum of 50% affordable homes, 75% of which will be for social rent, and 25% for shared ownership or shared equity. A minimum of 30% across all tenures must have three bedrooms or more in order to meet the council’s commitment to building more affordable and social rented homes in a range of sizes.

Over the whole regeneration site there will be a net increase in homes from 2,400 to 4,200.

Kate Davies, NHHT chief executive, said: “Our team shares the passionate belief that the Aylesbury estate is an area of extraordinary potential – a great location and a strong community with a bold vision.

“We're excited about this potential, about developing a vision for the area with the people who know it best – the residents, the Creation Trust, the Council and their team – and delivering that vision through our team’s combined experience of leading transformation across the capital. We will bring our creativity, expertise, and financial strength to this partnership and reconnect this community with the city to which it belongs.”

Harriet Harman, MP for Camberwell and Peckham, added: “This is welcome news - more homes that local people can afford - and more jobs that local people can work in.

“Many of us remember only too well when Tony Blair stood on the balcony of a flat in the Aylesbury estate promising that 'there would be no more forgotten people'. But despite the great work of many of the tenants, change has taken a long time. And for so long tenants have had to put up with dark walkways, heating breaking down and rubbish chutes not working.

"But, things are improving now on the Aylesbury with better policing, improved schools, Burgess Park transformed and 250 new homes. And today's announcement really seems like the light at the end of the tunnel which will, as well as providing great jobs and new homes, help the surrounding area including East Street Market."

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