Wandsworth Low Cost Homes

Meeting: 
MQT on 2007-11-14
Session date: 
November 14, 2007
Reference: 
2007/2724
Question By: 
Elizabeth Howlett
Organisation: 
GLA Conservatives
Asked Of: 
The Mayor

Question

London currently has the lowest proportion of home ownership in the country ' just 59% of London's homes are owner-occupied, compared to 70% for the rest of England. Wandsworth's Local Development Framework seeks to increase the number of low cost homes available to first time buyers, key workers and others on low and moderate incomes seeking to own a share of their own home. Why does the Mayor oppose this plan, and what exactly does he have against home owners?

Answer

Answer for Wandsworth Low Cost Homes

Answer for Wandsworth Low Cost Homes

Answered By: 
The Mayor

In my draft Housing Strategy I set out my commitment to provide a variety of housing options for Londoners unable to buy on the open market (Chapter1, Section1.3.3), and Policy Statement 1.3 outlines my proposals for providing a range of intermediate housing options for these households.

In my draft Housing Strategy I also acknowledge that home ownership is the tenure of choice for many Londoners and that access to this is crucial to meeting Londoners' housing aspirations (Section 1.3.2).

The proposals in my Draft Housing Strategy will fund and deliver by far the largest number of new intermediate housing opportunities ever produced, enabling more people than ever before to access home ownership. This makes your suggestion I have something against home owners particularly absurd.

In objecting to LB Wandsworth's Local Development Framework I am not opposing intermediate housing options, but rather the failure of the borough to set a tenure split. This should be in general conformity with the tenure split in my London Plan, that is of the affordable homes 70% should be for social rent and 30% intermediate.