United Kingdom Industry News

12/06/2012

Mayor Exceeds Pledge To Build 50,000 Affordable Homes

The Mayor of London Boris Johnson is on track to deliver 100,000 affordable homes by 2015 after exceeding his 50,000 target in his first term, new figures have revealed.

More than 54,000 homes were built over the four-year period, exceeding the Mayor’s pledge to provide 50,000 affordable homes for Londoners during his first term in office.

New figures from the Homes and Communities Agency show that in the past year more than 16,000 homes were delivered in London, which has seen the Mayor beating his target by more than 4,000 homes.

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Having successfully lobbied for new powers from Government to drive housing delivery in the capital, the Mayor has now pledged to deliver up to 100,000 affordable homes in total by 2015, with the potential to create 100,000 jobs.

Mr Johnson, said: "Four years ago I said that if we were going to improve Londoners’ lives it was going to be essential that we boost affordable housing supply in the capital. The hard work is by no means over but despite some of the most challenging economic conditions for decades we have delivered more than 54,000 affordable homes over the past four years. By 2015 we will have delivered over 100,000 affordable homes for London, which will give a vital boost for jobs and the wider economy, as well as providing decent places that people actually want to live in."

(CD)
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Mayor Exceeds Pledge To Build 50,000 Affordable Homes - The Mayor of London Boris Johnson is on track to deliver 100,000 affordable homes by 2015 after exceeding his 50,000 target in his first term, new figures have revealed.
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