Boris Johnson ad the HCA have unveiled plans to provide around 1000 new affordable family homes within 3 years.
The homes will be aimed at families currently in rented and particularly overcrowded accommodation. The plans are a joint effort between the Mayor of London, Boris Johnson, and the London Homes and Communities Agency (HCA).
The “First Steps for families” initiative supports the Mayor’s aim to increase the proportion of family sized homes built for low cost home ownership. It will see up to 1000 new homes across London made available over the next 3 years to families aspiring to own their new property, with around 250 ready by next summer. The HCA say there is strong support from both London boroughs and housing associations who have included their own sites in the programme in addition to sites put forward by the HCA.
The Mayor said: “Many Londoners dream of being homeowners but are thwarted by the colossal property prices in London. My overriding ambition is to make the capital a city of opportunity and choice and more affordable for ordinary Londoners.”
David Lunts, London director at the HCA said: “We’re committed to increasing the availability and choice of larger homes for families in London. This innovative approach to delivering intermediate homes will help Londoners achieve their homeownership aspirations. By using the HCA’s Delivery Partner Panel to appoint development partners for these initial sites, we’ll be able to speed up the procurement process and start on site at the earliest opportunity.”
The Homes & Communities Agency will be at Place West London on October 14. David Lunts is a speaker on the programme, and the HCA are a sponsor of the event. You can be there too – book your place now!