Read time: 1 minute

London Tenants Victorious In Housing Fight With U.S. Real Estate Developers

Residents had faced a tripling of rents from around £800 per month for a two-bedroom flat to £2,400.

I wrote about the New Era fight last month, and I'm happy to announce that the low-income housing activists have won their fight. Wonderful news, via Huffington Post:

Hundreds of residents facing eviction from their London estate have scored a massive victory after investors sold the development to an affordable housing charity.

"We would never have thought this six months ago but we carried and and continued to fight and this is the outcome."The group had previously taken their protest all the way to the steps of Downing Street and had won the support of Boris Johnson.

Residents had faced a tripling of rents from around £800 per month for a two-bedroom flat to £2,400.

The New Era estate group - backed by Russell Brand - were facing being made homeless before Christmas after a US investment firm bought the properties for redevelopment.

Westbrook Partners will now sell the estate to the Dolphin Square Charitable Foundation which says it is committed to providing housing to low and middle income families.


Comments

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.