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Housing Today
Trusted media brand of the Chartered Institute of Housing
Homes England grants L&Q and the Mayor of London £124m in funding for Barking Riverside
The loan and grant funding will help to prepare the land for development of an additional 16,500 homes
Homes England has approved a £124m funding package for L&Q and the Mayor of London to help deliver a total of 20,000 homes at Barking Riverside.
So far 3,500 homes have been delivered or are under construction at Barking Riverside, a 443-acre brownfield site. With the new funding, an additional 16,500 homes will be built.
A minimum of 35% of the 20,000 homes will be designated as affordable.
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