Assetz® News » HOME | RSS Feed FEED | LIST ALL ARTICLES | ASSETZ HOMEPAGE
Investment Property News from Assetz

Assetz® Property News Service

Mayor's 'affordable homes' drive bears fruit

14th January 2005 | back to article listings BACK    print this article PRINT

Since Mayor of London Ken Livingstone established a target that 50 per cent of new homes in the capital should be affordable, the delivery of total new homes has exceeded the targets set out in his London Plan.

The Mayor's minimum target was 23,00 new affordable homes, but a thousand more than that have now been built - representing 104 per cent of the target

Furthermore many boroughs are meeting both their overall housing and affordability targets at the same time.

Neale Coleman, the Mayor of London's housing director, revealed the positive figures at the launch of the London Delivery Plan at the CBI in London.

Mr Coleman said: "It has been argued, by those with vested interest in doing so, that the London Plan affordable housing requirements are holding back housing delivery. However, the facts demonstrate the opposite is true.

"Those boroughs that delivered the biggest increases in supply are also those most committed to affordable housing.

He added: "This proven ability to deliver is a tribute to our partners from the public and private sectors as well as to the boroughs and, whilst many are meeting their targets, all 33 London boroughs need to up their game if we are to produce the required social housing and satisfy the desperate need for homes that are affordable to first time buyers."

Assetz® is a UK and International Property Investment Specialist. Please visit our property sites shown below.

Assetz for Investors UK Assetz Hotels Assetz Homes Assetz International Assetz France Assetz Spain Assetz Cyprus Assetz Germany Assetz Portugal Assetz Ski Assetz Cape Verde Assetz USA Assetz Finance Assetz Fund Management

Accessing the news service

You can view all of the Assetz® UK, International and UK Property Investment Articles and News here.

We also provide an RSS Feed Feed of the news service, or you can view all articles. Click here to view more information on RSS readers and how they make reading online news more convenient.

eXTReMe Tracker