Mayor reveals details of Homes for Londoners scheme

Sadiq Khan has released the first details of his 'Homes for Londoners' scheme which aims to boost the delivery of new and affordable homes in the capital.

Related topics:  Property
Rozi Jones
24th August 2016
Khan

The Mayor of London says he has begun work to bolster housing and development capacity at City Hall and across the GLA family to help bring forward public land and speed up the planning process.

Khan is now recruiting new experts to scrutinise 'viability assessments' - the financial details that lie behind how much affordable housing the new developments will include.

The experts, who will be drawn from finance surveyors and property consultant experts, aim to support housing delivery by making planning decisions faster and more consistent, and by ensuring new developments include the maximum amount of affordable housing.

Sadiq will also lead a new 'Homes for Londoners' board, formed of London Boroughs, housing associations, and developers. The board will oversee delivery, land assembly and investment decisions, and will draw on expertise from across the housing and property sectors to help develop new policy for the capital.

Sadiq Khan said: “Homeownership has been slipping increasingly out of reach for more and more Londoners, and rents have been getting harder and harder to afford. I want to be honest with Londoners from the start that it will take time to turn things around - we're starting from a position where last year the previous Mayor built the lowest number of affordable homes since records began.

“I am determined that Londoners get the same opportunities this great city gave me. That is why I am setting up my Homes for Londoners team to speed up homebuilding and to move towards 50 per cent of new homes in London being genuinely affordable to rent and buy.”

David Montague, Chair of the g15, said: "Homes for Londoners will bring together the GLA, housing associations, local authorities and housebuilders to tackle the capital's housing crisis.

"The priority now must be to build a long-term pipeline of clean serviced and consented land.  With this we can guarantee apprenticeships, jobs, economic growth, thriving communities and affordable homes.  Without it, London will lose out in the competition for investment and growth."

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