Final phase of award-winning Kings Crescent regeneration approved
Nearly 400 homes will be built or refurbished on Stoke Newington’s Kings Crescent Estate as part of Hackney Council’s programme to tackle the housing crisis after plans were approved.
Under proposals unanimously approved by the Council’s Planning Committee this evening, 219 new homes will be built to complete the estate’s regeneration, with a further 174 homes upgraded – with more than half for genuinely affordable social rent or shared ownership.
The first phase of the project, completed in 2017, has been recognised internationally as a leading example of modern Council housebuilding, winning awards from the Royal Institute of British Architects and the Mayor of London.
Council officers and architects have spent nearly a year working closely with existing tenants and leaseholders, and local councillors, on the latest designs, which include better public spaces, new play areas and community facilities.
Hackney is building. These plans will provide desperately needed new Council homes for local people and those on our waiting list, as well as huge investment in existing homes for tenants and leaseholders.
We believe that Council housing should be just as good as any other housing, and that whether you rent or buy, you can expect a modern, high-quality home that you can afford.
I’m proud that we’re putting these values into practice, working together with local people to invest in a new generation of social housing. There will also be a new public square, community facilities and affordable workspace in this next phase.
The final phase will see 28 new Council homes for social rent, 75 homes for shared ownership and 116 for outright sale – to help pay for the rest of the development. Tenants and leaseholders in 174 existing homes will receive new balconies, lobby entrances and refuse stores amongst other improvements.
Once complete, 492 new homes will have been built on the estate since 2017, including 107 homes for social rent and 111 homes for shared ownership – with 275 existing homes refurbished in total.
The Council will now tender for a construction partner to build the homes, with work due to start in 2021. Residents are expected to move into the first homes in 2023.
Around 2,000 homes will be started or completed across the borough by Hackney Council between 2018 and 2022, with more than half for genuinely affordable social rent and shared ownership. Local people always have first dibs on these new homes – with Council homes allocated to residents whose homes have been demolished, tenants in housing need nearby, or homeless families on the housing waiting list.
Find out more about the Council’s housebuilding programme.