London mayor Sadiq Khan has assembled a specialist team to examine viability assessments in a bid to increase the number of affordable homes delivered across the capital
Khan has recruited finance surveyors and property consultants who will work to ensure new developments provide the maximum amount of affordable housing and speed up the planning process.
Further specialists may be recruited after a review of ‘capacity and skills’ at the Greater London Assembly.
Khan will also lead a new Homes for Londoners board – featuring representatives from London boroughs, housing associations and developers – which will oversee the delivery of housing, as well as investment and land assembly decisions.
But Khan admitted it would ‘take time to turn things around’, because home ownership is ‘increasingly out of reach’ for many and rents are getting higher.
He added: ‘I am determined that Londoners get the same opportunities this great city gave me.
‘That is why I am setting up my Homes for Londoners team to speed up home-building and to move towards 50 per cent of new homes in London being genuinely affordable to rent and buy.’
Despite Khan’s 50 per cent target, the AJ understands that the Greater London Authority is set to outline a 35 per cent flat affordable housing requirement on private-sector housing schemes.
In addition, City AM reported on Monday that new City Hall documents cast doubts over whether the mayor can sell off TfL-owned land in accordance with his 50 per cent affordable housing target. This is because when TfL sells off land it is required to act as if engaged in a commercial enterprise and to seek the maximum return achievable.