Saveourstow & Resident Association partners of Waltham Forest has arranged to test L&Q’s claims and aspirations for their Walthamstow Stadium development against the ‘three dragons’ viability tool kit. This tool-kit is a checking mechanism approved by the Mayor of London and the GLA, used to verify the amount of affordable housing that developments, within the London area, ought to be able to bring forward. It is industry standard and accepted by all parties as the arbiter of these issues. It is used by planning authorities, RSL’s and Housing Associations, the GLA and the planning Inspectorate, and of course by L&Q themselves.
These calculations assume that planning permission will be granted to L&Q for the site. This is in any case most unlikely, especially given the stance taken by English Heritage.
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