Transport for London (TfL) has released land from its property portfolio, including listed buildings, aiming to help make a contribution to social and affordable housing needs and also re-invest revenue into the transport network.
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TfL writes:<\/u>
\nMore than 10,000 new homes could be created for Londoners under plans to release around 300 acres of TfL-owned land.<\/p>\n
The land – largely based in Zones 1 and 2 – will be developed over the next ten years to provide the homes, offices and retail space needed desperately to support the capital’s booming population. The number of people living in London is set to grow from 8.6m today to around 10m by 2030.<\/p>\n
The public transport organisation will work with planning officers in local councils to maximise the amount of affordable and social housing created.<\/p>\n
Mayor Boris Johnson said: ‘TfL’s plans will build on the great efforts we’ve already made at City Hall to ensure brownfield land that has laid empty for years is put to productive use in providing much-needed housing for Londoners. ‘It’s important that all key agencies work together to accelerate the rate of housebuilding across the capital and redevelop land and assets wherever possible to deliver more homes.’<\/p>\n
The plans for new homes are part of TfL’s aim to make \u00a33.4bn in non-fares commercial revenue by 2023, which it can then reinvest in its services. TfL’s director of Commercial Development, Graeme Craig, said: ‘All revenue raised from the developments will be reinvested into the transport network, helping us to bear down on fares and continue to support London’s economic growth and booming population.’<\/p>\n
The new land-release programme complements the work of TfL’s \u00a3360m growth fund, which is already creating more than 50,000 homes and 30,000 jobs by supporting development projects across London.<\/p>\n
TfL’s property portfolio includes:<\/p>\n
IHBC NewsBlogs on housing<\/a><\/p>\n IHBC London branch\u00a0 <\/a> TfL press release<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Transport for London (TfL) has released land from its property portfolio, including listed buildings, aiming to help make a contribution to social and affordable housing needs and also re-invest revenue into the transport network. TfL writes: More than 10,000 new … Continue reading
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