Two towers of new homes have been granted planning permission to help fund the rebuilding of much-needed new homes for social renting on a Hoxton housing estate.
The third phase of Hackney Council's regeneration of the Colville Estate will be made up of two 16-20-storey towers totalling 198 homes for private sale which will pay for replacing 338 aging, uneconomical-to-refurbish existing Council homes for social rent
The Colville Estate Tenants and Residents Association (CETRA) submitted to the 30 July planning sub-committee a petition in support of the two towers, featuring the signatures of 219 residents.
Facilities such as a new community centre, a new public square, space for shops and businesses, a new community garden, and the potential for local apprenticeships on-site for young people from the estate are all part of the vision for Colville’s regeneration. Every element of the 10-year-plus scheme with the elected representatives of CETRA, while the design of the new homes and indeed of the entire project is consulted on with the estate through events, drop-in surgeries, surveys and other opportunities.
Tenants have the Right to Return, with leaseholders offered a package of local options, including shared ownership. The Council pays market rates for leaseholders’ properties, as assessed by an accredited surveyor and based on similar sales in the area; also offering an equity swap for a newly-built home for those that live on the estate and want to remain in the local area.
Colville’s regeneration will ultimately provide 935 new homes, replacing all current Council homes for social renting with newly-built ones on the estate, along with the towers and homes for shared equity and shared ownership. More than half of the total number of homes built in the new estate will be provided for social renting, shared equity, or shared ownership.
Hackney Council's borough-wide 2,760-home estate regeneration programme is one of London's largest schemes for building homes for social renting, shared ownership, and private sale, now in its fourth year with 201 for social renting, 20 for shared ownership/equity, and 42 for private sale built so far, and more than 300 expected to start on site this year.
This is another step forward for Colville’s regeneration, and good to see a petition signed by 219 local residents in favour of the proposals, which will help pay for the new high quality Council homes for social renting on the estate.