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London affordable home starts reach 10,000 in 2012/13

Construction started on a total of 10,092 affordable homes by the Greater London Authority in the financial year for 2012/13, Boris Johnson’s office has announced.

The figure is a welcome boost for London’s housing sector after a first half of the year in which just 425 homes were built.

In November, the mayor’s office reported that just 425 houses were started in the half-year from April 2012 to September 2012 under Greater London Authority schemes.

It is also more than double the number achieved in the previous financial year.

Mayor Boris Johnson has pledged to deliver 55,000 affordable homes between 2011 and 2015. A total of 8,114 affordable homes were also completed in 2012/13, which brings the number of homes completed by the GLA since 2011 to 25,000.

Mr Johnson hopes to win powers over stamp duty receipts for the Greater London Authority in order to invest revenue from the sale of assets to invest in infrastructure.

He said: “Increasing the supply of affordable homes in London is intrinsically linked to the future economic growth of the capital.

“Without homes to live in, the hard-working Londoners who keep this city thriving will be forced to move elsewhere, taking with them their energy and drive.

“While there is a growing momentum behind affordable housing delivery, we need to redouble our efforts, which is why I will continue to call on government to give London all the tools and funding it needs to increase the supply of affordable homes in the capital.”

A total of £180m was also invested across 12 London boroughs in 2012/13 through the Decent Homes programme, a scheme to modernise existing housing stock.

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