The Mayor of London says he is on track to deliver 100,000 affordable homes by 2015 after exceeding his 50,000 target in his first term.
Figures from the Homes & Communities Agency suggest 54,000 homes were built over the four-year period of Boris Johnson’s first term, and that 16,000 were delivered in the last year.
The Mayor has now pledged to deliver up to 100,000 affordable homes in total by 2015, with, he says, the potential to create 100,000 jobs. Boris Johnson, said: “Four years ago I said that if we were going to improve Londoners’ lives it was going to be essential that we boost affordable housing supply in the capital. The hard work is by no means over but despite some of the most challenging economic conditions for decades we have delivered more than 54,000 affordable homes over the past four years. By 2015 we will have delivered over 100,000 affordable homes for London, which will give a vital boost for jobs and the wider economy, as well as providing decent places that people actually want to live in.”
Last month the Mayor announced he had appointed a new board – Homes for London – to oversee the investment of his housing budget and to help maximise the potential of newly acquired land assets to deliver thousands of new homes and jobs across the capital. The GLA took responsibility for the HCA’s functions, powers, responsibilities and funding in London from 1 April 2012 by virtue of the devolution set out in the Localism Act 2011. The Mayor’s housing budget totals £3bn over the current investment round (2011-2015).
Affordable Homes by Borough in the Mayor’s first term
|Borough||2008 – 11||20011 – 12||Total|
|Barking and Dagenham||690||367||1057|
|City of London||20||0||20|
|Hammersmith & Fulham||900||81||981|
|Kensington and Chelsea||220||57||277|
|Kingston upon Thames||200||92||292|
|Richmond upon Thames||250||236||486|
* This includes 2,565 re-provisions (i.e. homes demolished and re-provided as part of estate regeneration schemes and therefore not counted towards new delivery.)
Note: figures are gross delivery, including the re-provision of some existing affordable homes. The 54,396 net housing delivery figure is calculated by summing the gross provision (40,910 in 2008-11 and 16,176 in 2011/12) and then deducting the reprovision (2,565 in 2008-11 and 125 in 2011/12). 2011-12 only includes HCA-funded homes, whereas 2008-11 also includes other affordable homes delivered in London without HCA funding. Verified DCLG housing delivery figures for 2011/12 will be released in November and total housing delivery for 2008-12 is therefore likely to be higher than 54,396.