Mayor agrees £1 billion plan to build 11,000 new council homes
The Mayor of London, Sadiq Khan, has … plans worth more than £1 billion with 26 London boroughs to build 11,000 new council homes at social rent levels over the next four years.
The plans form the cornerstone of ‘Building Council Homes for Londoners’ – the first-ever City Hall programme dedicated to council homebuilding.
When Sadiq launched the programme in May, it set a target for 10,000 new homes – and today he has responded to overwhelming interest from boroughs by agreeing allocations for 11,154 new council homes at social rent levels, and a further 3,570 other homes, including those for London Living Rent. …
From the Mayor of Vancouver (via Global News):
Vancouver’s new mayor is laying out a plan to make good on his election promise to build 85,000 new homes over the next decade.
Kennedy Stewart’s first priority is to tee up 25,000 affordable rentals, run by non-profits on city-owned land.
London population: 8.7 million. Affordable homes per year: 3,681.
Vancouver population: 630,000. Affordable homes per year: 2,500.
Place your bets.