The Mayor of London, Boris Johnson, has unveiled plans to deliver 55,000 new affordable homes and 100,000 jobs over the next four years.
Speaking at the National Housing Federation, the Mayor set out the details of his revised housing strategy, which outlines how he plans to take on new housing powers conferred by the Localism Act and deliver 55,000 affordable homes over this investment round.
He says this should include a significant proportion of family-sized housing with new homes designed to the Mayor’s larger space standards.
The Mayor has also pledged to work with landlords to improve standards in the private rented sector with a new London Rental Standard with plans to accredit 100,000 private landlords by 2016.
He will unlock stalled schemes, and upgrade more than 40,000 council homes to meet the Decent Homes standard – as part of a £3 billion funding settlement secured from the Government to invest in London’s housing.
The Mayor of London, Boris Johnson, said: “Boosting house building is critical for the economy and for the thousands of Londoners who are yearning to get on to the property ladder.”
Around 40,000 homes have been delivered in 2008-11, aand so far around 16,000 affordable homes have been delivered in 2011-12, the most in a financial year since the mid 1990s.
The revised housing strategy also contains a pledge for closer working with boroughs and other major public landowners to bring forward land for development. The Mayor is committed to having a clear exit strategy for all landholdings transferred to the GLA as part of the devolution settlement. He will publish details of GLA landholdings and will launch a London Development Panel to fast-track procurement, inviting other public landholders to use the panel.