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28/11/2018

Khan missing affordable housing target

Words: Laura Edgar

Fewer than 5,500 affordable homes were completed in London in 2017/18, according to the London Assembly Housing Committee.

By comparison, an average of 10,000 affordable homes were delivered in the capital a year in the last decade, it said.

Mayor of London Sadiq Khan has received £4.82 billion to deliver 116,000 affordable home starts by 2022.

The city needs 66,000 new homes a year, but in 2016/17 there were 41,371 net additions to the London housing stock.

Almost half of London’s housing need is for social rent homes, but the committee’s annual Affordable Housing Monitor suggests that just 14 per cent of housing starts in Khan’s term have been for social rent.

This year’s target is to deliver 14,500-19,000 housing starts. Only 2,400 were recorded in the first six months of 2018, the committee said.

Chair of the London Assembly Housing Committee Sian Berry said Khan is letting Londoners down.

“He promised us more affordable housing but so far has fallen very short of his promises, particularly on social housing which is our greatest need.

“With young and lower-income people suffering the most from the housing crisis, we can’t wait much longer for his policies to kick in.”

The mayor must deliver on his pledges, Berry urged. Now he has received new funding, there is “no excuse for genuinely affordable housing to be out of reach for Londoners who want to secure a home.

Image credit | Shutterstock

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