Sadiq Khan has announced a partnership with housing association L&Q to deliver 20,000 new homes across the capital – 12,000 of which will be affordable.
It is the first agreement under the Mayor of London’s £3.15bn affordable housing deal secured from government last November.
The partnership will see £8bn invested with City Hall contributing £400m to help boost affordable housing delivery and to assist with land purchases and infrastructure costs.
Launching the scheme, Khan said: “This announcement today demonstrates real progress on the long road towards tackling London’s housing crisis and signals my intention to work with housing associations to deliver thousands of homes with at least 60% being affordable. I urge other housing associations to work with us to get on and build the homes London needs.”
David Montague, L&Q’s group chief executive, added: “Through this ground-breaking strategic partnership, we will build upon our existing pipeline and devote significant additional capacity into delivering even more new homes in the capital. Our aim is for 60% of these homes to be genuinely affordable.”
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