Thursday, 26 November 2015

Boris land plan to deliver 32,000 homes

London mayor Boris Johnson is looking to build more than 32,000 affordable homes on land owned by the Greater London Authority.

At a meeting with key figures from the London housing sector this morning, Mr Johnson is proposing a scheme where under-used GLA land would be handed over to developers to bolster housing stock.

The GLA would be a shareholder in the developments, and any profits would be reinvested in building more affordable homes in London.

The mayor has commissioned an audit of land owned by GLA bodies including Transport for London, the London Development Agency, and the London Fire and Emergency Planning Authority, to identify potential sites.

The initiative is designed to show how innovative approaches to house building can keep development moving in the face of public sector spending cuts. It is intended to continue the supply of homes after 2011, when the current spending round ends.

Mr Johnson said: ‘We’re already on track to deliver 50,000 affordable homes which will benefit thousands of Londoners but this success cannot be an excuse to take our foot off the pedal. We have to set our sights to the future and start working now to deliver the next 50,000 and the 50,000 after that.

‘The GLA is sitting on hundreds of potential housing sites that could be used to build more than 32,000 new homes and I know we’re not alone. London’s councils, private institutions and the Homes and Communities Agency can all do the same but the cost and red tape involved is suffocating.’

The mayor will use the results of the meeting today to set out a submission for the next government on what is needed to continue housing development in London with limited public resources.

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