Saturday, February 04, 2012

Olympic Village Apartments Will Be Affordable Homes

The BBC reports that the number of apartments in the Olympic Village that will become rented social housing once athletes have used them this summer has been outlined.

The village in Stratford, east London, will accommodate competitors during the Olympics and Paralympics but once the Games end it will become East Village.

Triathlon Homes, the owner of the development's 1,379 affordable homes, has announced that 675 units will be rented as social housing. Newham Council will receive 350.

The development will also have 1,439 private homes which will mainly be available to rent and set at the market rate.

The village, within the Olympic Park, is designed to be a lasting legacy of the Games.Of the homes allocated for rented social use, 100 will be shared among other east London boroughs including Barking and Dagenham and Hackney.

1 comments:

johnhowser said...

Good to see that the olympic legacy will go towards easing the desperate need for more affordable homes in and around the capital.