![]() The other half is “intermediate”, including a mix of shared ownership and units for rent at costs more closely linked to the market and at odds with local incomes. Half of this is for social rent and the rent formula was agreed under previous targets for social renting that make it genuinely affordable. It is a mixed-tenure development that includes 49% affordable housing. The conversion of the Athletes’ Village into East Village stands as a marker of success while highlighting the tensions in delivering genuinely affordable housing. There was also tension between the vision of the Greater London Authority with ambitions for 50% affordable housing on new developments and the London Borough of Newham which while supportive was keen to encourage more market housing in Stratford. It is clear however, four year on, that without a rethink the housing legacy will be marked by the rapid gentrification of Stratford and surrounding areas and a negligible gain of genuinely affordable housing.įrom the start there was a degree of vagueness about what the housing legacy would be, though terms such as “much” and “many” were used in reference to the proportion of affordable housing that would be provided and this won over opposition to the demolition of existing housing. ![]() T he London Olympics claimed that its most enduring legacy would be “the regeneration of an entire community for the direct benefit of everyone who lives there”. ![]()
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