Out-Law News | 31 Mar 2014 | 2:27 pm | 1 min. read
The document, which was published on Friday, sets out a long-term ambition to increase the annual supply of new homes in the capital to 42,000 for the next 20 years. This is around double the amount which has been achieved over the last two decades and would include at least 17,000 affordable homes and 5,000 for purpose-built long-term market rent.
The Mayor said he will launch up to 10 housing zones where innovative approaches will be used to "maximise the capacity of key sites to rapidly deliver new homes". The zones will be underpinned by a shared delivery framework "to hold partners accountable for the numbers of homes delivered," he said.
The Mayor said he would explore opportunities for and promote at least three more garden suburbs including at Barking Riverside, where construction is already underway, and Beam Park in Dagenham and at Thamesmead.
The strategy also includes plans to introduce new safeguards to protect leaseholders through housing programmes and the lobbying of the UK government to make legislative changes.
“My Housing Strategy sets out measures to tackle the colossal pressure on London’s property market and address the chronic 30 year failure to build enough homes in our city," said Johnson in a statement.
"The good news is we have capacity for 42,000 more homes a year in London alone, plus a multitude of prime opportunity areas and programmes to trigger development. For me there is no single more important issue now than boosting supply, increasing investment in affordable housing and helping hard working Londoners find homes."
"I can’t do this alone, and will be working closely with government, developers and boroughs to increase supply, stimulate building and tackle demand,” the Mayor added.