GLA affordable home starts drop by 23%
The number of starts on affordable homes funded by the GLA fell by 23% to 13,318 homes last year, new figures reveal.
Starts during the 2020-21 financial year were down from 17,256 homes a year earlier.
Of these homes, the majority were social rented, at 6,162 homes (46%), with less of a focus on London living rent and shared ownership at 4,440 homes (33%).
The number of starts on affordable homes funded by the GLA fell by 23% to 13,318 homes last year, new figures reveal.
Starts during the 2020-21 financial year were down from 17,256 homes a year earlier.
Of these homes, the majority were social rented, at 6,162 homes (46%), with less of a focus on London living rent and shared ownership at 4,440 homes (33%).
This compares with 7,156 social homes last year (41%) and 8,120 under London living rent and shared ownership tenures (47%).
Development was concentrated in Newham, with 1,689 homes, followed by Barking & Dagenham, 1,069 homes, and Croydon at 962 homes.
Over this period, there were 9,051 affordable home completions, up by 16% from the previous year, following increases every year for the past four years.
Mayor of London Sadiq Khan said: “Today’s figures show what councils, housing associations and the wider London housing sector have been able to achieve despite the instability and uncertainty created by Brexit and the pandemic. They also underline the huge progress made since I became mayor, when just three homes for social rent were left in the pipeline by my predecessor.
“London’s housing crisis remains one of the greatest barriers to addressing the inequality we face in our city, and a key priority for my second term will be doing all we can to overcome it.”
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