News from Tom Copley: Mayor's "robust approach to affordable housing" welcome
Responding to new planning rules set out today by Mayor Sadiq Khan to speed up the building of more affordable housing, Labour’s London Assembly Housing Spokesperson, Tom Copley AM, said:
"Sadiq Khan has set out a much more robust approach to affordable housing than his predecessor, who was too ready to let developers off the hook. Boris Johnson secured less than 15% affordable housing in his final year in office. Mayor Khan's firm but fair approach will see a minimum of 35% on private developments. Developments not reaching this threshold will be subjected to an intensive, costly and time consuming viability process.
"Combined with the delivery of 50%-60% affordable housing across the portfolios of partners in receipt of affordable housing grants, this will set the Mayor firmly on the path to achieving his long term strategic target of 50% affordable homes across London.
"It’s particularly welcome to see a return to genuinely affordable social rent levels through the London Affordable Rent, and an end to so-called "affordable" homes let out at 80% of market rent.
"I would urge the Mayor to examine other ways of raising funds to deliver even more affordable housing in London beyond that which can be delivered through the recent funding settlement with the government."
Notes to editors
- Tom Copley is a Londonwide Assembly Member
For more information please contact London Assembly Labour Group senior press officer, Alison Orlandi, on 020 7983 4952 or 07825 865 305. Number not for publication