Broadwater Farm will deliver up to 900 new homes 30% of which will be affordable in accordance with the Council's emerging policy.
We are proposing the development will comprise 630 private homes, comprising a mix of 3, 4 and 5 bedroom houses. In addition, 270 affordable homes are proposed, being a mix of 1 and 2 bedroom apartments, and 2, 3 and 4 bedroom houses.
The definition of an 'affordable home' is defined within the National Planning Policy Framework as 'housing for sale or rent, for those whose needs are not met by the market (including housing that provides a subsidised route to home ownership and/or is for essential local workers).
There are several types of affordable homes with affordable housing split into two categories, rented properties and intermediate properties. Affordable rent and social rent are the main types of rented homes.
The main form of intermediate housing is Shared Ownership. This type of affordable home enables ownership for those who could not normally achieve home ownership on the open market. The prospective homeowner would be able to buy a proportion of the home (between 25%-75%) and pay subsidised rent on the remaining share of the home to the registered affordable home provider.
The Shared Ownership scheme, allows the occupants to increase their ownership share in the property over the course of time. This is known as staircasing and enables the owner to acquire the entirety of the home should they be in a position to do so.
In accordance with the Council's emerging affordable policy 270 homes (30%) will be affordable with 70% being for rent and 30% being Shared Ownership.
The affordable homes will be designed so as to be tenure blind and distributed throughout the scheme.
Our homes greatly influence our lives, from how well we sleep, to how safe and secure we feel. Research shows that sustainable, well designed homes lead to better health and wellbeing of occupants whereas poor housing can negatively impact a person's health and wellbeing in a number of ways. In order to contribute to the wellbeing of our customers, Berkeley has developed a Healthy Homes Design Framework which focuses on:
Safety and security
Indoor air quality
Space and storage
The aim of the Framework is for our homes to go beyond mere building regulations and encourage good practice and innovation in design. Incorporating this into the homes we design and build ensures the high quality that we are known for.