Boris: 'We have the land to solve housing crisis'
Published by Max Salsbury for 24dash.com in Housing and also in Development, Local Government
The Mayor of London, Boris Johnson, has committed himself to solving London's housing crisis, saying "we have the land".
Speaking at the Chartered Institute of Housing's (CIH) annual presidential dinner last night, Mr Johnson claimed that 80 percent of the homes the Capital urgently needs could be built on the "18 brownfield opportunity areas that have already been identified around London".
But the Mayor told the dinner that a stable and continuous stream of funding was needed if the one million homes needed over the next 25 years were to be realised.
Speaking at the Natural History Museum, Mr Johnson said that the problem was not being appreciated in Whitehall.
"We have the housing associations wanting to build more, and they would if they could see a longer term settlement we have 180,000 consents for homes that are not being built out – and my message to developers who are sitting on their hands is that they need to get on with it and we have pension funds willing to pile in. We have about 600 hectares of land owned by the GLA – that’s me – and we have put land worth £1.2bn out there for development since I was re-elected in May," said Mr Johnson.
The flamboyant Tory claimed that London's housing crisis is on a scale that is "not yet understood", and that the population had risen by 600,000 since he became mayor.
He said: "We are likely to reach [a population of] 9m by the end of the decade, before New York, and we will hit 10m by 2031.
"With an ever greater share of Londoners’ income spent on housing and with the workforce facing longer and longer commuting times it is no surprise that the CBI now identifies housing above transport – as the single biggest cause of economic inefficiency and my officials estimate that to meet that challenge we will need to build something like a million homes over the next 25 years."