26th November, 2013

Thousands more Londoners could be helped onto the housing ladder over the next 10 years as Boris Johnson today announced a £1 billion plan to build more new homes.

The Mayor warned that the “crisis” of housing supply was the biggest  challenge facing London’s economy.

The new funding will help provide 45,000 low-cost homes into the next mayoral term. Mr Johnson also pledged to bring in a new target to build 42,000 homes a year over the next decade — more than at any time since the Thirties — to address the capital’s chronic  housing needs.

At least 15,000 of these would be affordable properties while a further 5,000 would be purpose-built homes to rent, backed by long-term investors like pension funds. The Mayor said he wanted to make sure low-cost rental accommodation went to the workers who keep the city ticking over.

Launching his draft housing strategy at Greenwich Square, Mr Johnson said: “For over 30 years, regardless of boom and bust, governments of every hue have failed to build enough homes. With London’s unprecedented population growth, housing supply and affordability is now our biggest challenge and we need to double the number of homes being built.”

His plans include a new housing bank to speed up developments and lend more than £160 million to builders; expanding the First Steps scheme to 250,000 Londoners over the next decade to help them buy homes; and backing regeneration projects such as Barking  Riverside to create garden suburbs around London. He also wants to set up housing zones with tax incentives for developers and first-time buyers.

 But Labour’s London Assembly  housing spokesman Tom Copley said he “has wasted the last five years” and failed to tackle the crisis.

Source: Standard

The Retrofit London Conference is delighted to announce that Richard Blakeway, Deputy Mayor of London and Shannon Lawrence, the Energy Initiative Director at C40 will be keynote speakers at the Retrofit London Conference taking place on 06 December at the Business Design Centre in London.

The C40 Cities Climate Leadership Group is a network of the world’s megacities committed to addressing climate change. Shannon Lawrence will open the conference with a global view of how cities are addressing the market for energy efficiency and ways in which London is leading the international field. Richard Blakeway, Deputy Mayor for Housing, Land and Property will close the conference with a keynote address on how retrofitting at scale in London will drive economic growth.

To view the full speaker programme, visit www.retrofit-roadshow.co.uk

 

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