London's Mayor Sadiq Khan has announced a new plan to boost housing. An important site owned by Transport for London (TfL) has been opened to build 1,500 new homes.
The plan is to transform a key Elizabeth Line tunnelling site into a new neighbourhood with 1,500 homes. TfL is seeking a partner to develop its largest site of land - the Limmo Peninsula in East London. According to the proposal, 600 (40 per cent) of the 1,500 homes built on the 12.3 acres site will be genuinely affordable.
“Since becoming Mayor, Sadiq Khan has worked with TfL to release sites for development to fulfil a manifesto pledge to unlock public land to build genuinely affordable homes for Londoners. Across all sites brought forward since Sadiq’s election, 50 per cent of the homes will be affordable – with individual sites contributing between 35 and 100 per cent – enabling TfL to deliver housing whilst also generating hundreds of millions of pounds to reinvest in transport,” the Mayor’s office said in an announcement.
The Mayor has already brought forward sites including at Kidbrooke, delivering 400 homes of which half will be affordable, Landmark Court in Southwark, which has the potential to deliver a mixed-use scheme with 35 per cent affordable housing, and Fenwick South in Lambeth, which will provide 55 homes, 100 per cent of which will be social housing.
It is part of my strategy to free up public land and to use it to build the homes that our great city so desperately needs. It is no secret that it will take many years to fix London’s housing crisis, and we ultimately need Government support - London Mayor