£500m Scheme Faces Rejection Over Lack Of Affordable Homes

A proposal for a £500 million redevelopment in Bermondsey looks set to be thrown out because of its lack of affordable housing. The project would provide up to 1,342 private rented sector flats, plus 10,000m² of office space, retail and leisure space and a replacement secondary school, all in buildings up to 28 storeys high.  But planners said the applicant had failed to reach an agreement on ‘critical issues’ including the affordable housing and the quality of some of the homes. The affordable housing offer would be in the form of discounted rent, with just over a quarter (27.5 per cent) of the units let at 25 per cent below market rents. Read more on the Architect’s Journal website.

https://www.architectsjournal.co.uk/news/kpfs-500m-bermondsey-scheme-faces-rejection-over-lack-of-affordable-homes/10039443.article