Log in | Register
21/03/2018

Statistics reveal that Khan will miss affordable homes target

Words: Laura Edgar
Permissions not being built out / iStock

The Mayor of London is set to fall short of his affordable homes target this financial year, according to Greater London Authority (GLA) figures.

In the 2016 Autumn Statement, chancellor Philip Hammond announced that the GLA would receive £3.15 billion to deliver more than 90,000 homes by 2020/21.

To meet the target, Sadiq Khan aimed to start between 12,500 and 16,500 homes in the first year, with more to be delivered annually from then on.

The GLA’s figures suggest that 6,725 homes were started in the 11 months since the scheme began, to February 2018. The number of homes started in this financial year stands at 2,000 lower than the 8,935 started in the previous financial year – 2016/17.

In last week’s Spring Statement, the government allocated to the mayor another £1.67 billion for an additional 27,000 affordable homes by March 2022 .

London Assembly member Andrew Boff said: “This first-year target of 12,500 homes was set by Mayor Khan himself so he needs to give an explanation as to how and why he has fallen so woefully short.

"These latest figures raise worrying questions about where this leaves the overall target. If we are seeing such drastic shortfalls in the first 11 months, is the mayor going to get anywhere near hitting 90,000 homes by 2021?"

The GLA’s housing statistics can be found on its website (pdf).

Image credit | iStock

Tags