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04/07/2016

Khan to accelerate new planning rules to support build to rent

Words: Laura Edgar

Mayor of London Sadiq Khan has set out his commitment to strengthening confidence in the city’s housing industry following the vote to leave the European Union, including greater planning autonomy.

Khan said affordable housing delivery in London came to “a near standstill” under former mayor Boris Johnson, with just 13 per cent of homes approved being designated as affordable.

Concerned that the result of the referendum on the UK’s membership in the European Union may bring “uncertainty” to the housing industry, Jamie Murray, Deputy Mayor for Housing, has set out some of the immediate steps Khan is taking to “maintain confidence and boost supply”.

Speaking at the London Assembly planning committee last week, Murray said City Hall is:

  • Offering support to major developers and the G15 (the organisation that represents London’s 15 largest housing associations) to bring forward new developments across London at a meeting this week;

  • Calling for London to receive a substantial affordable housing settlement to underpin the delivery of new housing, and allowing London to retain a full suite of property taxes; and

 • Accelerating new planning rules to support build-to-rent developments and to give developers clarity and certainty on affordable housing requirements. It is also calling for greater planning autonomy for London.

Murray said: “The European Union referendum result was not the outcome we wanted, but the fallout underscores how vital it is we do everything possible to stimulate and support the housing industry.

"There is no doubt that the vote has already caused uncertainty that will make it harder to fix the housing crisis, but our message to developers, housing associations and local authorities is that we will do all we can to give you the support and certainty you need to get through these difficult times.”

Image credit | Shutterstock

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