Record number of new affordable home were started in London in last 12 months
A record breaking number of new affordable homes were started in London in the last 12 months with help from City Hall, including the highest number of new council homes for 34 years.
Figures released by City Hall show that 14,544 affordable homes were started in the year 2018/2019, more than in any year since City Hall took control of housing investment in the capital and exceeding the target of 14,000 agreed with Government ministers.
This total includes more homes at social rent levels than ever before at 3,991 and 1,916 council homes, more than in any year since 1984/1985. The total number is more than double the 7,189 homes that were started in the final year of the previous mayoralty in 2015/2016.
London Mayor Sadiq Khan said that the figures underline his determination to do everything in his power to tackle London’s housing crisis and he is urging the Government to give him greater powers and resources to continue this success.
Some £1 billion is being invested into building 14,700 new council homes, which includes 11,000 social rented homes over the next three years. The Mayor has secured a total of £4.8 billion from Government to start building 116,000 new homes in the capital by 2022.
‘These record-breaking figures show that focusing on building council and social rented homes for Londoners is the right way to tackle the capital’s housing crisis. Not only do these figures beat our own records from last year, but this is more than double the number the previous Mayor started in the final year of his term,’ said Khan.
‘My Building Council Homes for Londoners programme has made huge progress already – with more council homes started than in any year since 1985. Councils are beginning to build again after decades of their hands being tied behind their backs but national Government needs to match our ambition and determination to deliver the homes Londoners so urgently need,’ he pointed out.
‘We currently receive only a fraction of the affordable housing investment needed in London. Ministers must make a real step-change in the funding and powers we have in London if we are to truly turn around the capital’s housing crisis,’ he added.