Published: 16th Nov 2020

Ealing Council has given the green light to a £390m business plan for it housing development company, Broadway Living. The plan will see Broadway Living’s subsidiary, BLRP build 1,513 homes, with the sale and let of some of the homes subsidising the development of more homes for affordable let. The scheme is projected to pay for itself over the course of 50 years by recouping the initial investment through sales and rents. The business plan will also help the council meet its ambitious target of delivering 2,500 new genuinely affordable homes in the borough by April 2022, all of which will be let at rents priced to suit the budgets of local people on low to moderate incomes. The remainder of the 2,500 homes target will be met through the council’s planning system at private and housing association developments in the London borough. According to the council, there are currently more … (To read the full article, subscribe below)