Mayor of London takes over HCA powers
The Mayor of London has taken over responsibility for a £1.6 billion development budget and hundreds of hectares of public land.
From Monday, the Greater London Authority took control of all London assets, staff and funding from the Homes and Communities Agency.
The change means the Mayor – whoever is voted into office in May – will hold the purse strings to a total development budget of £3 billion. The budget for 2012 – 15 has been set at £1.6 billion.
Responsibility for around 530 hectares of land has also been transferred to the GLA while 49 staff will now work for the mayor.
The change was brought in by the Localism Act which devolved powers and responsibilities of the HCA in London to the mayor. The act also abolished the London Development Agency and transferred its regeneration functions to the GLA – which will set up a new housing and land department to bring all these new powers together.