24
Oct
Mayor launches housing policy initiative
London mayor Boris Johnson has begun work on a new housing policy
which is intended to provide a more flexible approach towards
ensuring London builds 50,000 affordable new homes for first-time
buyers in the next three years.
Mr Johnson, who pledged in his mayoral election manifesto to scrap
Ken Livingstone's central allocation of targets to each borough,
has started negotiations aimed at establishing what each borough
can contribute towards the goal.
He stated that he wanted every borough to do what it can, but
added: "I believe that this can only happen by working with them so
that we take account of individual circumstances and agree together
what can sensibly be delivered."
London needs major action taking to ensure thousands of affordable
new homes are built, the National Housing Federation said
yesterday.
It stated that the average annual salary needed to buy a home at
the bottom end of the London market is £56,000.
