London affordable homes targets not being met

London mayor Sadiq Khan has been criticised for being behind on building targets for affordable homes, despite new construction projects increasing on last year. City Hall says 900 more affordable homes were completed in the financial year to December 2022 than in the same period last year, a rise of 50%. But the Conservatives say the mayor would need to “significantly” up his start rate and begin work on over 18,000 homes this month alone, in order to meet government housing targets. Almost £5bn in funding was given to the Greater London Authority (GLA) in 2016 to build 116,000 affordable homes by March 2023, but just over 50,271 have been built so far. It comes as the government is behind on its own national targets, with just 157,000 of the intended 180,000 built during the latest 2021 tranche of the bargain property programme. 

City AM (14/02/2023)