In a major development, London Mayor Sadiq Khan announced a partnership to deliver 20,000 new homes to the UK capital, which is reeling under housing crisis. The partnership with one of London’s largest housing associations, L&Q, will see £8 billion invested in 20,000 new homes across the capital – 12,000 of which are genuinely affordable.
This is the first such agreement under the Mayor of London’s record-breaking £3.15bn affordable housing deal secured from government last November, which will see 90,000 new affordable homes started by 2021, a statement from the Mayor’s office, said.
The partnership with L&Q is a major commitment to building new homes across the capital and sets out the Mayor’s clear plans to work with housing associations that are prepared to build at scale and willing to deliver at least 60 per cent affordable housing. L&Q has also indicated its commitment to making significant new investments in construction skills and training to build homes for Londoners.
The Mayor of London, Sadiq Khan, said: “For far too long, London has not been building enough homes. This has meant that Londoners born and raised in our great capital have struggled to rent and stood little or no chance of owning a home in their own city.” This partnership is expected to pave way for more such agreements aimed at addressing the housing needs of Londoners.
This is the first agreement under the Mayor of London’s record-breaking £3.15bn affordable housing deal secured from government last November, which will see 90,000 new affordable homes started by 2021.