Housing Estates: Regeneration

Department for Communities and Local Government written question – answered on 30th June 2016.

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Photo of Baroness King of Bow Baroness King of Bow Labour

To ask Her Majesty’s Government, further to the Written Answer by Baroness Williams of Trafford on 8 December 2015 (HL4001), how much funding has been awarded to each of the successful applications to regenerate local authority housing estates.

Photo of Baroness Williams of Trafford Baroness Williams of Trafford The Parliamentary Under-Secretary of State for Communities and Local Government

Four schemes were shortlisted to receive loan funding. One scheme withdrew and became self financing. We are in contract with Genesis Housing Association providing £56 million recoverable loan for the redevelopment of the Grahame Park Estate. We expect to be in contract with Swan New Homes, in relation to the Blackwall Reach redevelopment in Tower Hamlets shortly. The due diligence process with Notting Hill Homes is underway with regard to the Aylesbury Estate redevelopment.

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