Islington Council has claimed a minor victory in its
battle against 'affordable rent' housing in the borough after a deal was struck
with developer Berkeley Homes over its 1,000-home City Forum scheme. The scheme
comprises two tower blocks of 42- and 36-storeys and will include 995 homes,
30% of which have been designated as 'affordable'. There will also be a
190-room hotel, a crèche, retail and office space. It is expected that the
development will lead to the creation of more than 1,000 jobs. According to the council, following the
call-in, Berkeley had demanded over £4 million from the local authority to
secure the ‘affordable rent’ homes at ‘target' (i.e. social) rents. But after
negotiations with the council, this demand was later dropped, with the homes
being provided at social rent levels without subsidy. Read more on 24dash.
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