"Galliard Homes reduced the amount of affordable housing in the project's housing stock from 35 per cent to just 10 per cent, citing increased construction costs and changing building regulations as key factors."
"Mayor Sir Sadiq Khan announced measures allowing developers without an upfront viability assessment to proceed if they can provide at least 20 per cent affordable housing, with access to grant funding for around half of the affordable homes delivered."
"Galliard has committed to delivering 20 per cent affordable housing at Morden Wharf as the GLA has confirmed the scheme is eligible to receive grant funding."
Galliard Homes proposed building 1,500 homes on the Greenwich Peninsula, reducing affordable housing from 35% to 10% due to increased construction costs. The developer aims for 20% affordable housing at Morden Wharf, pending new housing measures from the Greater London Authority (GLA). The GLA's recent guidelines allow developers to proceed without upfront viability assessments if they provide at least 20% affordable housing. Galliard has committed to this percentage, eligible for grant funding, and awaits final approval from the Planning Board.
#greenwich-peninsula #affordable-housing #galliard-homes #housing-development #greater-london-authority
Read at www.standard.co.uk
Unable to calculate read time
Collection
[
|
...
]