New rented homes on public land

14th March 2014

London Mayor Boris Johnson is to build new rented homes on publicly owned land.

Two sites at Silvertown and Pontoon Dock in the east of the capital are up for sale using a legal covenant to ensure that any buyer must use them for rented housing. The sites have enough space for 700 homes. Deputy Mayor for Housing Richard Blakeway said the mayor wants at least a third of the homes to be for private rental, with another third available as affordable rented housing.

Source:   Financial Times (13/03/14)