Up to 800 new homes are to be built in Haringey, North London.
The Mayor of London, Sadiq Khan, has used his new £250 million Land Fund powers to purchase a site at St Ann's Hospital, paving the way for the hospital to be redeveloped as well as providing hundreds of new homes.
Having acquired two thirds of the NHS site, Mayor Khan intends to use the Land Fund to buy further sites in London to prepare land for new and 'affordable' housing.
The number of 'affordable' homes at St Ann's (50%) is a significant increase on existing planning permission for the site – secured originally in 2015 - which would have delivered only 470 homes, with just 14% being 'affordable'.
Overall, City Hall's investment will provide redeveloped NHS facilities on the 11.24-hectare site, including a new mental health inpatient building. Planning permission for the new health facilities was recently granted by Haringey Council.
Mayor Khan said: "I am determined to do everything with the powers and resources at my disposal to tackle the housing crisis head on, and crucially that means building more new and genuinely affordable homes for Londoners.
"As Mayor, I've set out how City Hall will take a more active and direct approach to unlocking sites across the capital. Late last year I announced my plans for a new Land Fund to buy sites – and at St Ann's we are showing what this can achieve. Not only will my intervention unlock this site, but it will also allow us nearly to double the number of homes, and crucially increase six-fold the number of affordable homes that had previously been given planning permission.
"I am pleased my investment will see the redevelopment of a new mental health facility and in due course we will recycle this fund to buy more sites so that we can build more affordable homes."
(LM)
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