City Hall funds record number of affordable homes in London

A record number of affordable homes have been started in London in the last year, thanks to the financial help of City Hall.

New figures from the London authority have revealed that 14,544 affordable homes were started in the year 2018-19, exceeding the target of 14,000 agreed with the Government and the most in any year since City Hall began controlling housing investment in the capital in 2012.

Appeal for greater resources

The figures include the most council homes built in more than 30 years in London.

Housing has been a priority for Mayor Sadiq Khan since he took office three years. He has urged the Government to give him greater powers and resources to deal with the housing situation in the capital.

Mr Khan said: “Not only do these figures beat our own records from last year, but this is more than double the number the previous mayor started in the final year of his term.

“National Government needs to match our ambition and determination to deliver the homes Londoners so urgently need.”

About the Author Frances Traynor

Fran is the content writer for Capital Conveyancing, producing articles on all aspects of the conveyancing process and around the UK property market in general. If there is a topic you'd like to see covered on these pages, please drop Fran a line on [email protected]