What do the Mayor’s ‘Homes for Londoners’ plans mean for the capital?
Here’s all you need to know about the Mayor’s new plans to provide more affordable homes…
Homes for Londoners: top ten facts
1. Over £3bn investment in new affordable homes
Mayor Sadiq Khan has secured a record £3.15bn from the government for affordable housing in London.
2. That money will help build thousands of new affordable homes
In five years’ time we’ll have started building at least 90,000 new affordable homes.
3. Working together to fix London’s housing crisis
We’re working closely with local councils, housing associations, developers and others to build the homes Londoners need.
4. A strengthened team at City Hall to lead this work
The Mayor will strengthen his housing, planning and development teams to make sure this work happens.
5. Genuinely affordable homes to buy
Our London Shared Ownership homes will help Londoners who want to buy but can’t afford to on the open market.
6. Genuinely affordable homes to rent
Two new ways to make renting more affordable for Londoners: London Affordable Rent, for people on low incomes; and London Living Rent, to help those on average incomes save a deposit to buy their first home.
7. Half of new homes for Londoners to be genuinely affordable
That’s the Mayor’s long-term aim. It will take time, but as a key first step he’s pushing for more affordable homes in developers’ schemes across London.
8. Making better use of surplus public land
The Mayor is working with Transport for London and other public sector landowners to get more affordable homes built on empty land.
9. More help for rough-sleepers
He’s set up a new taskforce focused on preventing rough-sleeping and secured funding to help people leaving hostels and refuges.
10. This is a marathon, not a sprint
Fixing London’s housing crisis won’t happen overnight, but working together we can fix it.