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"The picture above is of Union Square in Islington. It shows newly built social housing. As part of a redevelopment of Packington Estate, these houses, in sympathy with the rest of the square, replace the 1960s ugly slab blocks.
"The Hyde Group housing association who are responsible for the scheme says:
"The terrace of four and five bedroom traditional town houses on Union Square, are all for social rent. The 17 family homes on Union Square are designed to mirror the existing Edwardian street properties.""Hyde is replacing 491 council homes, and adding 300 new homes which will be sold on the open market to finance the £130 million scheme (not completely - there is a £33 million "gap funding" subsidy from the Government.) There will also be new community spaces, a youth centre, retail units, and employment spaces."
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"London is in the midst of a housing crisis, with demand having outpaced supply for too many years. London’s homes are also overcrowded. Building more, larger, family sized homes is one way in which we can begin to solve this crisis. We also need to build quality homes, designed to high environmental standards, in order that London plays its part in mitigating climate change.
"As this report will show, this needn’t occur at the expense of the public purse. In fact, the opposite is true: significant value can be created from designing and building homes to the highest environmental standards, as has been demonstrated at other sites across the country, such as the BedZED development in south London.
"The 8000+ homes to be built on the Olympic Park over the next two decades represent a generation-defining opportunity to build high-quality family homes and help regenerate this historically neglected part of the city. Done well, the project has the ability to re-define regeneration in London."