Housing Association surplus warnings

Meeting: 
MQT on 2019-02-25
Session date: 
February 25, 2019
Reference: 
2019/3833
Question By: 
Tom Copley
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

After reports that L&Q housing associations surplus forecast have halved (https://www.insidehousing.co.uk/news/lq-wipes-170m-from-projected-surplus-due-to-market-downturn-and-rising-costs----60006) what conversations have you had with them, as a Mayoral strategic housing partner, to ensure that this does not impact upon the delivery of affordable homes London needs?

Answers

Answer for Housing Association surplus warnings
Housing Association surplus warnings

Housing Association surplus warnings

Answered By: 
The Mayor

As with all housing associations operating in London, my team maintains a regular dialogue at all levels of the organisation to ensure the continued delivery of genuinely affordable homes. In recent conversations, L&Q have confirmed their ability and capacity to deliver the affordable housing programme they have committed to in London.