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The Heygate rehousing programme will deliver 536 new homes. Over 419 of these will be affordable and former Heygate residents will have priority for occupation.
The programme has involved ten Southwark Council owned sites being developed in partnership with five housing associations L and Q, Wandle, Guinness Trust, Affinity Sutton, Family Mosaic. Nine out of the ten schemes are now completed and the remaining scheme at Stead Street, is set to begin construction in early 2014.
The projects have been funded from a combination of HCA grant funding, nil value land cost which means that the council has put council owned land in for free, off site affordable housing contributions,subsidy from the housing associations and the recycling of value generated from private house sales.
You can also view a map of all of the affordable housing schemes in the Elephant and Castle.