Source link : https://london-news.net/headline-government-unveils-ambitious-39bn-plan-to-build-300000-new-homes-tackling-londons-acute-housing-emergency/
The government has declared plans to construct 300,000 homes throughout the nation over the next decade as part of the newly launched £39 billion Social and Affordable Homes Programme, with a commitment to at least 180,000 being designated for social rent.
A significant portion of the funding, amounting to £11.7 billion, has been earmarked for London, a move praised by Mayor Sir Sadiq Khan, who highlighted that much work remains to address the ongoing housing crisis in the capital.
London is currently grappling with a severe housing shortage, where approximately one in 49 residents is reliant on temporary accommodations.
There are apprehensions that the government’s ambitious target may fall short due to a lack of personnel and materials in the construction sector, underscored by a recent 66% decline in the number of affordable homes constructed in London.
With the Social and Affordable Homes Programme, the government aims to produce a total of 300,000 residences, 60% of which are planned to be for social housing.
While the precise details of the remaining 40% are not yet defined, the government has previously indicated that it would also finance various other housing options, such as shared ownership and affordable rent.
The existing affordable homes initiative is set to conclude in 2026, yet concerns persist regarding the rate of construction.
In May, G15—representing London’s largest housing associations—reported a 66% drop in newly constructed affordable…
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Publish date : 2025-07-02 15:37:00
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