House building initiatives announced
Thu 5th March 2015, 11:51 am
Chancellor George Osborne has announced the creation of the London Land Commission, which he claims will help towards building 400,000 homes in the capital by 2025.
The commission will set up a database of brownfield sites to better identify suitable surplus land for housing development.
The chancellor and London mayor Boris Johnson, also announced the first nine areas in the capital which are to be designed as 'housing zones' – a government initiative to accelerate building houses on brownfield sites across London. Planning measures will also be lifted to make the process of building homes easier.
There areas are in Greenwich, Bexley, Barking and Dagenham, Wandsworth, Harrow, Hounslow, Lewisham, Ealing and Haringey.
Osborne said: "This month London has surpassed the peak population reached over 70 years ago. For many years in between it declined in size as people left the city to look for better housing.
"It’s a reminder that there’s nothing inevitable about London growing – and that if we want to see the current growth continue, we have to solve London’s acute housing problem."