Boris asked to establish new housing corporation
Thu 30th January 2014, 4:33 pm
A report by Tom Copley, Labour London Assembly member, has called on London mayor Boris Johnson to create a new housing corporation to build homes directly and address the supply backlog.
Such a 'London housing corporation' would work with the boroughs, housing associations and developers to build mixed communities and combine in one place the mayor’s responsibilities for land, planning and house building, the report said.
Other recommendations include:
- Creating a decent homes fund that provides low-cost loans for landlords to improve London’s stock of privately rented accommodation
- Establishing a bad landlords register and a 'know your rights' website for private tenants
- Improving housing supply by reorganising the work of the Greater London Authority's land and housing directorate into a new ‘arms-length’ body called Homes for London.
- Lobbying the government to increase investment in affordable housing.
Copley said: "By establishing a London housing corporation Boris could help fix the broken market for housing supply. Developers are deliberately slowing down the availability of new properties to drive up prices.
"It is time the mayor took a stand and used his considerable financial firepower to directly build the houses Londoners so urgently need. He is currently falling well short of his house building targets. If London has any hope of meeting the demand for housing then he must take decisive action."
Download the full report