London Mayor Ken Livingstone yesterday announced a new method of finding and acquiring land in the capital via a pilot scheme called Community Land Trusts.
The first Community Land Trust will see Tower Hamlets Council work alongside the Mayor's London Development Agency (LDA) to find a suitable site for 300 new homes.
Once the land is found and acquired by the LDA, the trust will then call on the private sector to deliver the project.
According to the Mayor's office, the scheme will provide around 100 affordable homes, and it is thought the architect will be appointed via a competition, although the development is in its very early stages.
Livingstone said: 'With such a desperate need for affordable housing in the capital we must explore every avenue to ensure we continue driving up delivery where we can.
'I believe that Community Land Trusts can complement our other initiatives. We will work hard with Tower Hamlets Council and the community towards making this first pilot a success and ensuring that the community plays a key role in solving our housing crisis.'