New figures show that 13,318 genuinely-affordable homes were started in London last year despite the disruption and delays caused by the pandemic and Brexit.
This total surpasses the annual target agreed with Government at the start of the pandemic. In the last five years, London has started to build 63 per cent more genuinely-affordable homes than in the final five years of the previous mayoralty.
The number of genuinely-affordable homes completed across London rose last year, with 9,051 affordable homes completed in 2020/21, up from 7,775 homes the year before.
Sadiq Khan, mayor of London, said: “London’s housing crisis remains one of the greatest barriers to addressing the inequality we face in our city, and a key priority for my second term will be doing all we can to overcome it.”
Affordable homebuilding is underway across London with every borough reporting new starts in the last financial year. The borough with the highest number of starts last year is Newham, with work beginning on 1,689 new affordable homes. The east London borough also had the highest number of completions last year with 1,275 affordable homes being finished.
These figures underline the Mayor’s determination to do everything in his power to tackle London’s housing crisis and he is urging the Government to give him greater powers and resources to continue this success.
This post has originally been featured in Property Wire.