Boris Johnson believes that big developers shouldn’t have to contribute affordable housing in exchange for planning permission.
Watch me challenge Boris on his failure to stand up for affordable housing requirements at this morning’s Mayor’s Question Time.
In response to my written question in March, the Mayor told me “renegotiation of the affordable housing provisions in existing Section 106 agreements will allow for currently stalled schemes to become financially viable and therefore ensure that they can move forward.” In short, he believes that if we let developers off the hook for their affordable housing requirements, then the 170,000-211,000 homes with planning permission but that aren’t being built, will be built.
But affordable housing requirements isn’t the problem.
The real reason developers aren’t building is that they make more money by holding onto the land than by building on it.
Does Boris really believe these big developers can’t manage to build some affordable homes?
This month’s Mayor’s Question Time starts this morning at 10am. You can watch it live online on http://www.london.gov.uk/webcasts/31734/asx.