London Olympic Village Repurposed As Low-Income Housing [Pics]
Project developers put the 17,000 capacity of this building to good use.
Instead of letting a building that used to house 17,000 Olympic athletes go to waste, a Qatar-based real-estate developer is turning the property into a brand new housing project for those in need.
Since the financial downturn in 2007, many people have struggled to secure a mortgage on their own home, leaving them at the mercy of private landlords. This new privately-owned development could provide a safe and reliable alternative to the sometimes unpredictable private landlords.
Half of the properties will also be handed over to a local housing authority that provide accommodation for the thousands of low-income Londoners currently residing in the “Olympic boroughs.”