Proposals for 20,000 homes along the Old Kent Road in Southwark took a step closer in December 2017, as Southwark Council agreed to further consultation on a revised housing plan.
A large, mixed-use housing scheme, and consultation on a new proposal for a local lettings scheme would ensure that a proportion of the new homes will be prioritised for existing local residents who urgently require housing; this has never been done on this scale in London before.
At least 35% (approximately 7,000) of the planned homes have been earmarked as affordable housing.
The plans form part of Southwark's regeneration scheme for the Old Kent Road, which will tackle traffic constraints and offer affordable work spaces; there are plans for three tube stations to serve the Bakerloo line extension to New Cross Gate; a secondary school and extensions to the nine current primary schools in the area.
Peter John, leader of the council, said: "We know we need to be ambitious if we want to meet the need for more housing in London, whilst at the same time increasing employment opportunities and designing new neighbourhoods that deliver new open spaces, community facilities, improvements to air quality and a shift to sustainable travel like walking and cycling.'
A new website for the local community, which explains the council's plans for the regeneration of Old Kent Road, has been launched