Wates Residential has extended its partnership with the housing association Orbit after being appointed to help deliver a £9.4 million project for new homes in the London Borough of Bexley. The national developer is working with Orbit to build the West Street redevelopment in Erith, south east London.
The proposed scheme will see vacant buildings including a former car parts warehouse replaced with a contemporary low-rise design including seven homes for London Affordable Rent, 14 homes for London Living Rent and 21 homes for Shared Ownership sale. The plans also include a car park with electric charging points and large community garden.
More than 150,000 of the most affordable rented homes have been lost across England in just five years, according to analysis from the Chartered Institute of Housing (CIH).
The organisation is predicting that loss will reach 230,000 by 2020 – making it increasingly difficult for people on lower incomes to access a decent home at a price they can afford.
CIH argues that ministers must focus on affordability as well as building more homes to fix the country’s broken housing market. The government should take an urgent look at shifting funding from the private market towards genuinely affordable housing, said chief executive Terrie Alafat CBE.