A 3,000 home social housing project in Clapham Park between Brixton, Streatham, Balham and Clapham has been given a siginificant amount of extra funding.

This comes after the Homes and Communities Agency (HCA) London Board, chaired by the Mayor of London, Boris Johnson, agreed to invest over £16 million in two projects from its programme to ‘kick start’ developments in London that have been affected by the economic downturn.

£13 million of this money is for the Clapham Park project. ”This is good news for those who will benefit from the new homes being built and for the many jobs in the construction sector that these projects will sustain,” said the Mayor of London, Boris Johnson.

“Despite the economic downturn, it is vital that we keep investing in our city 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.”

What does this mean to the Clapham area of Lambeth? Well, it does mean more business for local construction companies and offer families better social housing, as Boris says. This comes just weeks after Clapham One and other developments around the Clapham High Street area were approved.

Things are definitely changing in the Clapham area, and hopefully for the better. Do you think this is a good thing for local residents? Share your view below or in our community forum.

• For more information visit: The Clapham Park Project Masterplan

Source: £13 million HCA bailout for Clapham Park scheme