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Boris plans 10 new housing zones

Thu 17th April 2014, 3:42 pm

Mayor of London Boris Johnson has confirmed plans to draw up ten new housing zones in London, where housing delivery has a particularly high potential.

The mayor’s recently published housing strategy states that the GLA will work with London boroughs to define ten housing zones and three garden suburbs.

The strategy sets out a long-term ambition to increase supply to at least 42,000 new homes a year, around double what has been achieved over the last 20 years.

Of these, at least 17,000 should be affordable with 5,000 for purpose-built long-term market rent.

Other proposals in the document include protections for leaseholders to halt increasing service charges, new objectives for acquiring land to accelerate development, new standards to improve private rented sector, more accessible homes in town centres for older people.

Johnson said: "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.

"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."

 

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