Responding to news that the Mayor of London will support councils in starting 10,000 new council homes over the next four years, Richard Brown, Research Director at Centre for London said:
“London’s boroughs have a rich history of housebuilding. The Mayor’s announcement of his support for building 10,000 new council homes will help them get back in the game, and re-assert their role in meeting London’s urgent housing needs.
“In addition to £1.7bn funding, the Mayor has announced welcome new measures to enable more flexible use of Right to Buy receipts and council borrowing powers – two recommendations of our report Strength in Numbers, published last year.
“Boroughs should have greater involvement in housebuilding – directly and through wholly owned companies. With these new measures in place, and new councillors arriving in Town Halls across the capital, the time is ripe for a council housing renaissance in London.”
Centre for London will be publishing a report on July 18, looking at the role that boroughs can play in ensuring delivery of new homes across London, through direct delivery or long-term partnerships. Find out more.