Essay Example on CAUSE OF THE ISSUE

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CAUSE OF THE ISSUE The housing market has skyrocketed in London The average price for an home in London is 2 times the price nationally The amount of housing does not equip to the demand of housing needed which is mainly the blame for the housing crisis in London As London population continues to grow it is projected to reach nine million people in 2 years Regeneration will become more necessary as the urban homes continue to need upkeep and renovations and cities continue to grow more dense Studies has shown that an estimate of 64 ooo homes are needed every year just to meet the demands of the population CONTROVERSIAL ISSUE THAT S HAPPENING IN HARINGEY At Haringey town hall council officials got together to discuss the housing crisis they are experiencing Without the input or response from the people inside this community the council officials decided to partner with Australian developer Lendlease to regenerate Haringey who has the highest wage inequality in the country This development plan is worth 2 billion dollars and will add 6 400 new homes to Haringey by knock down the old homes and rebuild new ones more densely

Another issue is how big the project is The council officials agreed to share the plan with the developers 50 50 with the council being incontrol of the land with the promise of 50 percent of the properties being affordable With the size of the project and that much control being given over to one company however is worrying to protesters and also opens the doors for more regeneration on a larger scale The model is unproven and the scale at which Haringey is undertaking it is unprecedented Professor Loretta Lees of the University of Leicester wrote in evidence to a hearing This dwarfs anything that has gone before it said a campaigner The council is out of its league here http www telegraph co uk business 2017 07 09 controversial crucial londons future can make regeneration work OPPOSITION OF COMMUNITY The community has a problem with the council partnering with Australian developer Lendlease who was the developer for the Heygate which is now a place with luxury homes that aren t for the people who resided in the community


The community fears that they will be force out of their homes and their homes will be replaced with more luxurious homes that are for outside investors like they did Haygate The community believes that the councils should take on the regeneration themselves instead of selling out to developers Critics say regeneration is misguided New developments tear the fabric of longstanding communities After residents are decanted developer speak for removed they can spend years in temporary housing often outside the borough while they await new accommodation Older residents may never see it All over London tenants have been displaced by regeneration schemes said Anne Power a social policy professor at the London School of Economics who began working on housing issues in 1968 after her own home was earmarked for demolition https www ft com content fb9d61ee 60a9 11e7 8814 0ac7eb84e5f1 WHAT HAPPENED IN HAYGATE Lendlease built about 3 000 new homes making only 25 percent of them affordable on the former Heygate Estate As a result the housing market in Haygate has skyrocketed The council initially promised residents 100 percent reprovision of the 1 000 council homes Now many of the residents can no longer afford their homes or are being displaced because the properties were given to outside investors before they were offered to Londoners

OPPOSITION OF DEVELOPERS AND COUNCIL Landlease is an development company that operates in Asia Europe Australia Americas and Europe There work primarily focuses on the development of mixed income inner city communities Working with private companies becomes necessary for communities when councils have budget cuts and limited aid from government funding if you are creating affordable housing financial support is required The council can provide the land but not the finance or expertise for such a large project OPPOSITION OF AUTHOR Regeneration requires the collaboration of the developers and the community members I don t think it was done successfully here in this situation due to the lack of communication between the developers and the members who reside in the community In Haringey a survey carried out last year by the council s advisors PPCR Associates found that 34pc of people in the first estate to be overhauled knew nothing of the regeneration proposals http www telegraph co uk business 2017 07 09 controversial crucial londons future can make regeneration work Working with the community help raise points to address as it also creates engagement I believe that being challenged by the community brings about successful development plans that satisfies the community and the developers You can t forget the aspect of community when it comes to development Who knows the needs of a community better than the people who lives in it Developers most become part of the community theirself and the collaboration will save more time at the end


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