Mayor Sadiq Khan wants to tackle London’s housing crisis. That’s why he’s launched Homes for Londoners. The Mayor will work with local councils, housing associations and developers to build the homes Londoners need.
The Mayor has secured more than £4.8 billion from Government to help start building 116,000 genuinely affordable homes by 2022. These new homes will be both for sale and for rent. The Mayor will use this funding to support a range of affordable homes, and chiefly:
- Homes based on social rent levels - for people on low incomes;
- London Living Rent homes - helping Londoners on average incomes save for a deposit to buy their first home; and
- London Shared Ownership homes - for people who want to buy but cannot afford to do so on the open market.
The Mayor's aim is for half of all new homes in London to be genuinely affordable. He is working with partners to get more affordable homes built on empty public land.
He’s also earmarked up to £50m to deliver move-on accommodation for people leaving hostels and refuges.