10 Feb

Mayor reveals affordable homes plan for London

Mayor reveals affordable homes plan for London

London mayor Boris Johnson has revealed that plans are in place to deliver more than 37,000 affordable homes in the capital.

The mayor had pledged to create 50,000 such properties over three years and an agreement has now been reached with 14 boroughs for more than 16,750 of these.

In addition, the other 19 London boroughs have identified the potential for 20,500 more - bringing the total past three-quarters of Mr Johnson's target.

"This is extremely encouraging news for Londoners who are looking for their first step on the housing ladder and a much-needed boost for the construction industry during the current economic downturn," he remarked.

According to the mayor, each of the boroughs will be expected to decide which type of housing is most appropriate for their individual needs.

Last month the Scottish government announced that £17 million of funding would be brought forward in order to help provide more affordable housing.

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