Supporting the 'build-to-let' sector

Meeting: 
MQT on 2013-02-25
Session date: 
February 25, 2013
Reference: 
2013/0771
Question By: 
Caroline Pidgeon
Organisation: 
Liberal Democrats
Asked Of: 
The Mayor

Question

How exactly will you use your landholdings to support the creation of new homes in the private rented sector when your housing covenant confirms that 'the vast majority of GLA owned sites are already under development or in the final stages of procurement of development partners'? What, if any, opportunities remain to make land available to developers on the basis of a pre-determined volume of build-to-let space?

Answer

Answer for Supporting the 'build-to-let' sector

Answer for Supporting the 'build-to-let' sector

Answered By: 
The Mayor

We will use our landholdings to support the 'build-to-let' sector in two ways: 1). On a couple of sites we are negotiating with preferred partners the inclusion of some 'build-to-let' homes by introducing investors interested in 'build-to let', and 2). We will be announcing later in the spring the GLA owned sites that will be targeted at 'build-to-let'.