There will be a huge development near Randell’s Road where the railway people currently store building materials near the channel tunnel bridge over the east cost mainline. A 17 storey building is planned. A big proportion of the railway lands housing will be on the site. There has been a big barney in the past about the amount of affordable housing in the development. It is going to a Committee as above at the Barnsbury centre on Offord Road – more info here . Diana Shelley has sent the following on behalf of the Cally Rail Group:
‘When Argent came back earlier this year with a revised proposal, we were pleased to see they had kept the same number of social rented units and increased their size,’ explained Phil Jeffries, co-convenor of the Cally Rail’s technical working group. ‘But they had changed the mix of so-called ‘intermediate’ housing and we believe 44 of these units don’t qualify as affordable housing under current government policy. Instead of having 40% affordable housing in the development, there would in fact be just 18%.’
The dispute hinges on whether Argent’s subsidy should go back to them as profit or be recycled for affordable housing.
‘Argent’s proposals are for short-term loans on these homes. If they are sold, that loan would be recycled for up to 15 years. After that, Argent simply pocket the profit. PPS3 says such subsidies should be recycled permanently into new affordable homes,’ added Phil Jeffries. ‘At a time of increasing housing need in Islington, it is vital that affordable housing stays affordable. Forty percent affordable homes on this development already falls short of what is needed—18% would be disastrous.’