Mayor of London Boris Johnson is to launch a london housing corporation which will be a public/private sector partnership.
The new “London Housing and Property Company” will inherit land now owned by the London Development Agency to build affordable and private homes. Other London local authorities will be invited to release land for development to the compan.
The Mayor hopes to get the private sector to work with the the public sector on delivering lower-risk projects through collaboration.
A formal public notice setting out details of the plan and inviting interest from private sector developers is reported to be published this October. Anyone interested in becoming one of the private sector developent partners can contact the LDA now.
While most of the sites presently owned by the LDA are in the East, the company will have responsibility for any such developments throughout London.