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Newly Elected Labour Candidate, for Mayor of London, Sadiq Khan, outlines his Housing Policies

Building more affordable homes is essential to making sure we all can make the best of living in London. Too many people struggle to afford a place to live right now - whether to buy or rent. 

The homes shortage is making it harder to live in our great city and it’s bad for business too. 

A New Homes Team at City Hall: Sadiq will set up a new team to tackle the capital’s chronic housing shortage, which will report directly to him. It will act as a developer, drive the building of new homes for social rent, London Living Rent and first time buyers and will also help Councils develop their own new homes teams and bring forward land and investment for building. Putting Londoners first: Too many people cannot afford to buy in the area where they want to live and work. That is why Sadiq will introduce a 50 per cent affordable housing target for any new development. 

Sadiq Khan MP is Labour’s candidate for London Mayor in 2016

He will also use mayoral planning powers to stop 'buy-to-leave' which distorts the housing market, and put first-time buyers and local tenants first. Getting more investment into housing: We are not building enough new affordable homes - especially social housing.

Sadiq will begin by investing the unspent millions in the Mayor of London’s affordable homes fund, and by developing 'London Home Bonds' and pension fund investments. He will also fight for councils to be free to invest prudentially in new homes. Land for homes: The Mayor is responsible for land on which thousands of new homes could be built. 

Sadiq will bring forward more land owned by public bodies like TfL for development by the New Homes Team and Councils for development. He will also support development in 'home zones' and work with boroughs to identify all available brownfield land in public and private ownership that is suitable for development. 

“Sadiq knows that the same opportunities that London provided to him are today denied to too many people. 

Our city faces a housing crisis, it needs more and better jobs, and public transport is overcrowded and expensive. Sadiq recognises this needs to change, and has the ideas to deliver this change for London” – Margaret Hodge MP

Sadiq Khan was a surprise winner of Labour’s mayoral contest, has the ruthlessness and the back story to take on likely Tory rival Zac Goldsmith MP millionaire environmental activist, (conservative London Mayor Hopeful) — and he’s not scared of the battle.

Further Reading

UK Housing Price Index JULY 2015

England Mortgage Lenders and Administrators statistics Bank of England Sept 2015

Help to Buy Equity Loan scheme > Help to Buy NewBuy statistics Data to 30 June 2015 England

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Help to Buy, has helped nearly 120,000 people achieve their aspiration of buying a new home since it was created, latest figures reveal

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