Cut in affordable homes

According to a 14th May 2025 BBC News report, the GLA and  Government have agreed to reduce London’s target for the Affordable Homes Programme 2021-2026 from a range of 23,900 to 27,100 starts to 17,800 to 19,000 – a cut of 22%.

A GLA Housing in London report last November showed 2,358 City Hall funded affordable homes in 2023 until the end of Q2 2024 – a 91 per cent cut in the 25,658 affordable homes 2022-23. In 2024, 528 GLA-funded affordable homes began construction between March and September and of that number, 364 appeared to be for social rent.

The GLA said the fall was due to financial challenges faced by housing associations and councils, rising borrowing and material costs, competing pressures from remediation and refurbishment of existing stock and changes to regulation.

The Mayor’s Housing Strategy was published seven years ago and will need revision for the preparation of a replacement London Plan for which a consultation is open to 22nd June.