London Mayor sets out to boost confidence in post-referendum housing industry

London Mayor sets out to boost confidence in post-referendum housing industry

The Mayor of London, Sadiq Khan, has set out his commitment to strengthening confidence in the capital’s housing industry in the aftermath of last week’s European Union referendum result.

The new Mayor says that Affordable housing delivery in London came to a near-standstill under the previous Mayor and last year just 13 per cent of the homes approved were affordable.

With concern that last week’s referendum result may bring uncertainty to the housing industry, Deputy Mayor for Housing James Murray has spelled out some immediate steps the Mayor is taking to maintain confidence and boost supply.

Speaking at the London Assembly Planning Committee, James Murray said that City Hall is:

  • Meeting major developers and the G15 – the organisation that represents London’s 15 largest housing associations – in City Hall,
  • calling for London to receive a substantial affordable housing settlement to underpin the delivery of new housing, and
  • accelerating new planning rules to support new ‘build-to-rent’ developments and to give developers clarity and certainty on affordable housing requirements.

James Murray, Deputy Mayor for Housing, said: “There is no doubt that the vote has already caused uncertainty that will make it harder to fix the housing crisis, but our message to developers, housing associations and local authorities is that we will do all we can to give you the support and certainty you need to get through these difficult times.”


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