Homes and Communities Agency’s money will help Lambeth and Haringey development to complete

The Homes and Communities Agency (HCA) London region is to invest more than £16m to kickstart two London developments that have been hit by the recession.

The organisation’s board, chaired by mayor, Boris Johnson, has allocated about £13m to Clapham Park scheme in Lambeth and £3m to Hale Village in Haringey.

Clapham Park, which lies between Brixton, Streatham, Balham and Clapham, will comprise 3,000 homes. The HCA is working with Lambeth council and Clapham Park Homes to provide an investment of more than £13m for additional affordable housing.

The £400m Hale Village scheme is located next to Tottenham Hale station. The money will help Lee Valley Estates and Newlon Housing Trust complete the first phase of the development, to includes 314 homes. The first building to be completed on the site will be a 700-bed student accommodation complex, set to complete in September.

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