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Khan seeks thousands of ‘genuinely affordable’ homes
Mayor of London Sadiq Khan has called for ‘significantly more investment’ to build thousands of genuinely affordable homes in London, with a focus on new council and social housing.
With funding negotiations between City Hall and government for the new Affordable Homes Programme covering the next five years to begin soon, Khan has set out what is needed from ministers to deliver genuinely affordable homes on a scale which matches both London’s needs and ambitions.
In a letter to the Secretary of State for Housing, Robert Jenrick, the Mayor of London sets out the scale of the housing crisis London faces and reminds the Jenrick of his impressive home-building record, including starting building more new council homes than in any year since 1983. Joint research between the Greater London Authority and the G15 group of large London housing associations found that the government needs to provide £4.9 billion per year over ten years to deliver homes on the scale required.
This is seven times more than the government currently gives the capital. Khan has also rejected the government’s definition of ‘affordable rent’, which is priced at up to 80 per cent of market rents.
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