Transcript Housing strategies for the new mayor

Housing strategies for
the new mayor
Breakfast seminar
10 May 2016
Sadiq on London housing
‘…if I am elected Mayor, my single biggest
priority will be to build thousands more
homes every year, for you, your family and
your friends—and to give first dibs to
Londoners on new homes.’
Homes for Londoners manifesto
What has he said he’ll do?
Create ‘Homes for Londoners’
New City Hall team to fast-track construction of
genuinely affordable ho`mes to rent and buy
Put Londoners first
Target 50% of new homes to be genuinely affordable;
stop 'buy-to-leave' and give 'first dibs' to first-time
buyers and local tenants. Limit off-plan sale of homes
in new developments to overseas investors
Invest more in housing
Spend all the Mayor’s affordable homes budget;
support housing associations to build at least 80,000
new homes a year.
Find land for homes
GLA to develop on land owned by e.g. TfL and NHS
Link residential development with transport
Plan for new and affordable homes tied in with new
transport infrastructure, including e.g. DLR
extensions, Bakerloo Line extension and Crossrail 2
Attract investors
Use City Hall as a platform to attract institutional
investment in purpose-built rented housing;
businesses that invest in housing get priority for their
staff
Request more powers
Build an alliance of councils, housing associations,
developers, home-builders, investors, businesses,
residents’ organisations to set out what is needed
from central government to enable us to build more
homes
Overall goals
• Boost number of new homes
• Increase investment (public and private)
• Ensure new homes meet the needs of
Londoners (affordability, access)
• Maximise benefits from infrastructure