How will London fund its housing needs?
London has been set an ambitious housing target of 88,000 new homes per year, which far exceeds London's historical building rates. London has been delivering between about 30,000 and 45,000 homes a year for the last decade.1
The GLA has previously stated that London needs 42,841 affordable homes each year 2016 and 2041.2
According to the latest Affordable Housing Monitor (2025), London delivered a net total of 7,674 affordable homes in 2023-24, only 18 per cent of the 42,841 affordable homes per year.
The Mayor’s 2024 published manifesto for the GLA Elections included the following amongst his “Top 10” pledges:
- “Build 40,000 new council homes by the end of the decade.
- End rough sleeping for good by 2030 in partnership with a Labour government.
- More support for renters – delivering new affordable ‘rent control homes’ and empowering Londoners to take on landlords through a New Deal for Renters.”3
Tomorrow, the London Assembly Budget and Performance Committee will meet to scrutinise the Greater London Authority (GLA) and its functional bodies on their housing delivery budgets for 2026-27.
The guests are:
Panel 1 – GLA and the Affordable Homes Programme:
- Tom Copley, Deputy Mayor for Housing and Residential Development, GLA
- Tim Steer, Executive Director for Housing, GLA
- Natalie Daniels, Assistant Director, Housing Programmes and Partnerships, GLA
- Amy Simmons, Head of Area, Housing and Land team, GLA
- Simon Powell, Assistant Director of Strategic Projects and Property, GLA
- Ellen Storrar, Head of Specialist Housing and Services, GLA
Panel 2 – Functional body affordable housing delivery:
- Shazia Hussain, Chief Executive, London Legacy Development Corporation (LLDC)
- Richard Irish, Chief Operational Officer, LLDC
- Darren Parker, Executive Director of Development, LLDC
- Dame Karen Buck, Chair Oak Park Royal Development Corporation (OPDC)
- Matt Carpen, Chief Executive Officer, OPDC
- Gurdip Juty, Chief Finance Officer, OPDC
- Graeme Craig, Director & Chief Executive at Places for London
The meeting will take place on Tuesday 6 January 2026 from 10am in the Chamber at City Hall, Kamal Chunchie Way, E16 1ZE.
Media and members of the public are invited to attend.
The meeting can also be viewed LIVE or later via webcast or YouTube.
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Notes to editors
- GLA, Towards a new London Plan, 9 May 2025
- P8 London Assembly, Affordable Housing Monitor 2024, September 2024
- P.11, A-Fairer-Safer-Greener-London-for-everyone-Manifesto-2024.pdf (sadiq.london)
- Neil Garratt AM, Chairman of the Budget and Performance Committee, is available for interview.
- Find out more about the work of the Budget and Performance Committee.
- Read the agenda in full.
- As well as investigating issues that matter to Londoners, the London Assembly acts as a check and a balance on the Mayor.
For more information, please contact Tony Smyth in the Assembly Media Office on 07763 251727 or [email protected]. For out of hours media enquiries please call 020 7983 4000 and ask for the Assembly duty press officer.