Commenting on the Chancellor's announcement of £3.15 billion to build affordable homes in the capital, Mayor Sir Steve Bullock, London Councils’ executive member for housing, said:
“Today’s announcement is an extremely positive step in the right direction. London Councils has made clear there is a desperate need for thousands more homes, of a range of tenures, to be built. This specific cash injection for affordable homes will allow the Mayor of London, boroughs and other partners to carry out and extend ambitious plans to properly tackle the capital’s housing crisis.
“London Councils will continue to make the case for boroughs to be given the tools they need to meet the huge challenges they face. Councils are pulling their weight by granting planning permission for tens of thousands of houses across a range of tenures each year. However, the completion rates for housing remain low, and ministers still need to work with boroughs, the GLA and developers to ensure permitted housing is built out in the city – and that the Government’s housing policy works for all Londoners.”