The Homes and Communities Agency (HCA) London Board, chaired by Mayor of London Boris Johnson, has agreed to invest £3M to maintain regeneration activity at Hale Village in Haringey.  It is one of the latest projects to receive funding from the HCA London Board's programme to 'kick start' developments in the capital that have been affected by market conditions.

Located on a former brownfield site beside Tottenham Hale station, Hale Village will dramatically transform this landscape of industrial decay into a green village with landmark buildings of high-quality design.  It will incorporate mixed-tenure homes, community facilities, high quality public realm and green space.

The Mayor of London Boris Johnson said,

"Today we have ensured this important development can move forward and deliver more desperately needed affordable homes in London.  This is good news for the Londoners who will benefit from the new homes and good news for the jobs in the construction sector that this project will create and sustain.  Despite the economic downturn it is vital that we keep investing in our capital and improving our infrastructure.  Investment like this will support and help our economy grow so that London is fighting fit to compete in the global market place when the upturn comes".

Leader of Haringey Council, Cllr Claire Kober said,

"I am delighted with the HCA's investment in Hale Village which recognises the pressing need to create thousands of new homes in Haringey.  It is vital that new properties are built to give more people a good quality home".

"Our aim to create thriving communities with good transport links and good civic amenities, not isolated housing units.  With this funding from the HCA we are a step closer to making Hale Village one of north London's most vibrant places to live".

David Lunts, London Regional Director at the HCA said,

"This will help Tottenham to fulfil its potential and create long lasting benefits for people living and working in the area.  The Hale Village scheme has all the elements of a truly sustainable community and presents a major opportunity for further development of Hale Wharf and the Upper Lee Valley".

Michael Polledri, Chairman of Lee Valley Estates said,

"The involvement of the HCA and its investment means Phase 1 of Hale Village will now happen.  A true public/private sector partnership which will provide affordable homes and a life-changing environment for local people.  My thanks goes to all involved on both sides who have worked so hard to secure the future of this exciting mixed-use scheme".

The development consists of a 12 acre (4.9 hectare) mixed-use regeneration scheme.  Plans for the Hale Village include 1,200 new homes, 696 student bedrooms, 4,000sq m of local retain with shops, cafes and restaurants, a 130-bed hotel, creche, primary school and medical centre.  Registered social landlord, Newlon Housing Trust will occupy 3,000sq m of office accommodation as their headquarters.

The HCA's funding boost will enable Lee Valley Estates, working with Newlon Housing Trust, to complete Phase 1 of the development which includes 314 homes and student accommodation.  It also enables costly work on the infrastructure of the site to be completed.  This would have been financed by income from the sale of the residential units but under current market circumstances, this is not possible.  The whole site is being raised to ground level, so that it will open onto Ferry Lane with cafes, the hotel and retail outlets at street level.  These will be used by the existing community as well as residents of Hale Village.  The other major infrastructure project is the combined heat and power facility (CHP), which is an important component of the green technology aspect of the development.