Boris Johnson frees land for London housing revolution

Speaking at his Housing Investment Summit the Mayor called on the key players present to match his commitment and put forward innovative and cost-effective measures to maximise delivery on any potential developments on GLA land.

He wants London to show the rest of the UK that it is possible to secure the building of new homes in the face of reduced 
public spending.

Johnson has asked for an audit of land owned across the GLA family, including Transport for London, the London Development Agency and the London Fire and Emergency Planning Authority, to identify potential development sites.
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The Mayor is currently spending more than £1billion a year to maintain the construction of new homes in London through the  Homes and Communities Agency (HCA) and has pioneered the KickStart programme spending £144million to unlock major regeneration schemes including the Aylesbury Estate, Kings Cross and Woodbury Down. In March he launched the FirstSteps product which helps first-time buyers to get on the housing ladder and remains on track to deliver 50,000 affordable homes.

Johnson said: "We’re already on track to deliver 50,000 affordable homes which will benefit thousands of Londoners but this  success cannot be an excuse to take our foot off the pedal. We have to set our sights to the future and start working now to deliver the next 50,000 and the 50,000 after that.

"The GLA is sitting on hundreds of potential housing sites that could be used to build more than 32,000 new homes and I know  we’re not alone. London’s councils, private institutions and HCA can all do the same but the cost and red tape involved is  suffocating.

"I want to change this. To do this we need innovative ideas that will reshape how we invest, build and deliver affordable 
homes in London and in return I’ll put my land where my mouth is and show London is leading the way on delivering affordable  homes for 2011 and beyond."

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