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Housing FAQ

Q: If people can no longer get mortgages, does this put in jeopardy the building of up to 1000 new homes in the urban village?

A:The building of the urban village is phased over a 10 year period which will allow our housing partner, Sanctuary, to arrange development at a rate conducive to demand, and a third of the new homes are classed as 'affordable'. Also, don't forget that homes won't be ready for sale for a few years yet, so we are confident that when we are ready, demand will be there. We expect to start building in 2011.

Q: How will the City’s heritage be safeguarded?

A: The ESG project will do this by providing improved settings for historic features such as the Blackfriars Friary and the City Walls.  Both of these are scheduled ancient monuments but are hemmed in by modern development and traffic.  For Blackfriars, the Urban Village will provide the chance to open up the area and enable it to be part of the public realm. For the City Walls, the proposed improvements to the inner ring road will provide the opportunity to give elements of the wall breathing space.