As most of you know "Alex Nat" at the top of Queens Drive, was demolished two years ago as part of a regeneration programme. However this was affected by the credit crunch and uncertainty in the property market, and the scheme stalled.
We have continued to search for alternative funding sources, and on Tuesday it was announced that we had been successful in bidding to a government scheme called Local Authority New Build 2.
The government are giving us £4.9 million in grant, with Hackney contributing the same.
This will allow us to build 67 brand new council homes.
Consultation on the planning application should begin before the end of the month, with an on site start by April if approved.
It was one or two such schemes approved on Tuesday, which means that together with two approved in Round 1 last autumn, Hackney has been by far the most successful authority in London.
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