Croydon needs to get creative about affordable housing
See my discussion contribution at
Croydon’s Housing Crisis Deepens
Nearly half of Croydon’s homeless families have been living in temporary accommodation for more than three years.
Meanwhile the Council proposes tripling the number of years of residency before acceptance on the housing waiting list.
Government Helps Underpin Developers Profits
The Government is handing the Council £7m as part of the devolution deal to create a Croydon “growth zone”, hoped to be worth £5.25bn to the local economy.
The cash will go towards a £350m programme of infrastructure projects “vital” the anticipated growth in the borough. These projects are designed to deal with the massive effects of the private developers schemes which they are not having to pay from the massive profits they hope to make.
The Council will be allowed to keep 50 per cent of all town-centre business rates under a new Government deal to drive regeneration of the Borough. However, because of the Budget the total amount of rates income may be reduced because of ending or reduction of rates on many small businesses. And those businesses may not benefit because their landlords may use the opportunity to push up rents.
Builders Galliford Try Sign £43m of Contracts with:
- the Education Funding Agency for the £21.7m Harris Invictus Academy
- Croydon Health Services NHS Trust to build the new £21.25m accident and emergency facility for Croydon University Hospital.
Monday 4 April. 10am-12noon How London’s Housing Crisis is Fuelling Inequality
Launch of Centre for London report. 1 Plough Place, London, EC4A 1DE
‘A chronic undersupply of new housing in London has caused house prices to quadruple in the last twenty years. It’s had a knock-on effect on a wide variety of London issues: electoral strategy, public health, recruitment and quality of life. So what are the causal links between housing, income and wealth inequality?’
Confirmed panelists include:
Liz Meek, Chair, Centre for London and Commissioner, London Fairness Commission
Tony Travers, Director, LSE London and report co-author
Yvonne Doyle, Regional Director for London, Public Health England
Mark Boleat, Chairman – Policy and Resources Committee, City of London Corporation
Free to attend. Register here.
Read part one of this research, Inside Out: the new geography of wealth and poverty in London.