New 21-storey block of micro-flats WILL be 100 per cent affordable says developers

The developers behind a huge new tower block coming to East Croydon have said it will consist of "100 per cent genuinely affordable homes."

In November last year, plans to build a part nine, part 20 and part 21 storey tower block near East Croydon station in Addiscombe Grove were approved.

At the time it was unclear exactly how many of the 153 homes would be sold at a discounted, below the market price for first time buyers

In the ensuing months it was agreed that at least 70 per cent of the homes would be classed as affordable, but now developers Pocket Living and housing association Optivo have agreed to a

deal that will bring that number to the full 100.

"We chose to partner with Optivo because they share this vision," Pocket Living’s CEO Marc Vlessing said.

"Where other developers may try to minimise affordable housing delivery, we continue to look for new ways to maximise it.

“Thousands of hard-working young people are currently struggling to gain a foothold on the housing ladder in Croydon.

"Our development on Addiscombe Grove represents a significant long-term investment in the borough’s affordable housing provision and will provide a range of genuinely affordable homes for local people.”

thisislocallondon.co.uk
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