London Councils' Response to Housing Announcements
Boroughs emphasize the importance of affordable housing in addressing the homelessness emergency.
The chronic shortage of affordable housing in the capital is the root cause of London’s skyrocketing rates of homelessness, with one in 50 Londoners currently homeless and living in temporary accommodation.
If we want to end London’s homelessness emergency, we desperately need to build more affordable homes, including social homes.
According to Cllr Grace Williams, London Councils’ Executive Member for Housing and Regeneration, the £11.7bn announced for the capital through the Social and Affordable Homes Programme will support boroughs in building more affordable homes.
However, the landscape for housing delivery has become increasingly challenging due to rising construction and borrowing costs.
- Rising construction costs
- Borrowing costs posing issues for councils, housing associations, and developers
Author's summary: London Councils prioritizes affordable housing.