Public land release

Meeting: 
MQT on 2014-07-02
Session date: 
July 2, 2014
Reference: 
2014/2449
Question By: 
Tom Copley
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

How much of the money generated through GLA land sales has been spent on building new housing? Please provide a breakdown of spending by project.

Answer

Answer for Public land release

Answer for Public land release

Answered By: 
The Mayor

The receipts generated by the sale of GLA land is not ring-fenced for specific projects. Over 85% of the 670 hectares of land transferred to the GLA in April 2012 has been developed, is in development, in contract or is being marketed. In total, the GLA's land together with the GLA's joint venture interests has the capacity to deliver 40,000 homes.

I am on track to deliver 100,000 affordable homes across my two terms as Mayor, with more affordable homes expected to be built this financial year than any year since 1980.