Affordable housing (3)

Meeting: 
MQT on 2009-11-18
Session date: 
November 18, 2009
Reference: 
2009/3175
Question By: 
Jenny Jones
Organisation: 
City Hall Greens
Asked Of: 
The Mayor

Question

Your recently published economic evidence base states that the measure of housing unaffordability - the ratio of lower quartile house prices to lower quartile earnings - has more than doubled since 1997 from 4 to 9. Given that your home building targets are of the same order of magnitude as your predecessor, have you any evidence that your plans will slow or reverse these long-term trends?

Answer

Answer for Affordable housing (3)

Answer for Affordable housing (3)

Answered By: 
The Mayor

The minimum housing provision targets in my draft replacement London Plan make the greatest possible use of London's housing capacity consistent with enhancing the environment and providing better quality homes. They therefore go as far as practicably possible towards slowing or reversing the trend of increasing unaffordability by increasing supply, given the constrained availability of land in London.