Mayor’s secret plan for affordable home target of only 25% is an “absolute scandal”

2 Hyde Park Square

Mayor of London should come clean following reports from Property Week magazine that the he is planning to fix a target of 25% for affordable homes in the capital’s key Housing Zones and opportunity areas. If introduced, the target would effectively prevent local authorities from being able to negotiate the number of affordable homes on a development above the 25% threshold.

A 25% target would be far lower than the those currently demanded by many local authorities. The Mayor should adopt far more ambitious targets for affordable housing provision and to allow local councils a say in what the affordable target should be for major developments in their area.

For eight years Boris Johnson has failed to deliver the affordable homes we need, now he looks set to tie the hands of a future Mayor by setting a scandalously low target for affordable housing on major development sites. If true, not only would it stack the deck in developers’ favour, it would let them totally off the hook from their duty to provide the optimum number of affordable homes.

You don’t get the affordable housing which London needs by being soft on developers and tying the hands of local authorities – we need as many affordable homes as possible. The capital’s housing crisis is growing by the day and people are crying out for homes that they can actually afford to live in. Instead of dealing with this challenge, Boris Johnson seems to be the only person in London who thinks that it’s acceptable for three-quarters of new homes to be unaffordable.

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