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Olympic village to be turned into family housing

Mira Bar-Hillel, Property Correspondent
19.06.09

Detailed proposals for converting the £1billion Olympic village from athletes' accommodation to family homes and flats are revealed today.

Plans from the Olympic Delivery Authority show priority for the 2,818-unit complex will be given to families to make the development a "sustainable" community for the East End.

When the 17,000 athletes vacate the Stratford estate after 2012, the complex will gain a secondary school called the Chobham Academy.

A polyclinic for treating athletes during the Games will be converted into a primary care trust and a pharmacy.

There will be about 1,400 affordable homes with 675 available for rent and the rest as shared-ownership.

Plans include 729 three-bedroom homes and 268 four-bedroom units. Each flat will cost an average of £390,000.

The project was nationalised last month after ministers abandoned attempts to raise private funds.

Under the deal, £650million has come from the Olympic contingency fund and £147million will come out of the delivery authority's budget.

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Cor,with the residents of Newham that's going to be one rough estate in years to come.
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