NEWS RELEASE: Affordable home building – worst performance for a decade in London

Latest figures released by the government show that the number of affordable homes being built in the capital has more than halved in the past year. Figures for April – June 2012 show that only 780 new affordable home starts began in the capital. That is half the number for the same period last year and the lowest quarterly figure since 2002. The figures were released Thursday by the Department for Communities and Local Government.

This means that on average only 25 affordable properties are being started in each of London’s 32 boroughs. At a time when latest figures show there are 366,613 households on local authority waiting lists.

The figures also show that in the first half of this year only 5,550 new private sector homes began construction, in the same period last year 7,540 had begun construction. This represents a drop of 26%.

Labour’s City Hall Housing spokesperson, Nicky Gavron, said:

“These are the worst affordable house building figures in London for a decade. We are now beginning to see the impact of this government’s 70 per cent cut to London’s affordable housing budget and the inability of the Mayor to get his more limited programme rolling.”

“All the while Londoners are suffering. Home ownership has become a distant dream for even the well off, private sector rents are soaring, 200,000 families now live in overcrowded housing and rough sleeping is rising rapidly after years of decline. We desperately need a proper house building programme and it needs to happen fast.”

Ends

Notes:

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About nickygavron

Former Deputy Mayor for London, London Assembly Member, Chair of Planning Committee, and Labour Spokesperson for Planning
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One Response to NEWS RELEASE: Affordable home building – worst performance for a decade in London

  1. Pingback: Boris Con 2012: Johnson is out of step and out of touch with the housing crisis | Left Foot Forward

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