Hackney Council has successfully lobbied the Homes and Community Agency (HCA) for a further £15m to continue building homes on Woodberry Down Estate over the next five years.
The funding was secured after the Council agreed to invest over £16m, with our development partner Berkley Homes putting in more than £30m in to the programme.
As you may have seen from our previous blog update, planning permission for most of the phase 2 Woodberry Down development was granted in January, with a further application due in March.
Going forward this means we have almost half of the 4,600 homes planned for the 20-year regeneration either under construction or due over the next five years. This is an incredible step forward especially in the current climate when developments across the country have come to a halt.
We are proud that we have got this far in what has been a long fight for local residents. We will continue to work hard to make sure the funding delivers outstanding new homes for people in our community.
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