The Home and Community Agency and the Mayor of London, Boris Johnson, have announced a cash injection into five affordable housing projects across London which have seen development stalled because of the economic climate. One of the five sites to receive additional funding is the Heart of Greenwich development in East Greenwich on the site of the old Greenwich District Hospital.
The Mayor, who chairs the HCA’s London Board sub-committee, said: “The money we are investing today is also a major shot in the arm for London’s development sector and the economy. As this rolls out thousands of construction sector jobs will be saved but more importantly the sector will emerge strong to build and grow London when the recovery comes.”.