Affordable Housing in London at Lowest Point Since 2004

Posted by Kristina Murkett

New data suggests that delivery if affordable homes in London is at its lowest ever level, according to analysis from tenants.

Back in 2004, the 'London Plan' set promising and ambitious targets of building much needed affordable homes in the capital, but LTF (the London Tenants Federation) found that the number of homes being built has not only failed to grow, but actually dropped by around 1000 each year for the last four years.

Mayor of London Boris Johnson originally outlined an annual affordable housing target of 13'200 additional homes, but only half of these were actually delivered in 2013/2014.

Furthermore, less than 30% of the total new and additional conventional homes were affordable, while 78% were homes for sale or buy to let. There were similar failings with rental properties as the annual delivery of social and affordable homes dropped by over 1000 from 2011/12 to 2013/14.

The Mayor's own 2013 assessments show that 88% of London's backlog of housing need is for affordable homes. Despite this, more student accommodation than student housing was built in the capital in 2013/14.

Henry Talman, form LTF, said that 'the intention, it seems, is to encourage the ongoing demographic change in the capital. This means huge increases in the number of super rich and middle-class professional households, while ordinary working-class families are left in severely over-crowded homes, pushed into poor quality and overpriced private-rented homes or forced out of London completely.'

Image courtesy of Flickr, Creative Commons.