This election is a referendum on housing. For too long the Tories have failed to address the housing crisis that’s gripping our city. Too many people are spending too much on rent and are unable to buy their own home. I will deliver more affordable homes, 'first dibs' on those homes for Londoners, and action on rents.
Homes for Londoners
Sadiq will set up a new team at City Hall dedicated to fast-tracking the building of genuinely affordable homes to rent and buy.
Putting Londoners first
Sadiq will set a target for 50 per cent of all new homes in London to be genuinely affordable, and use mayoral powers and land to stop 'buy-to-leave' and to give 'first dibs' to first-time buyers and local tenants. He will end the scandal of thousands of homes in new developments being sold off-plan to overseas investors each year.
More investment in housing
The Tory Mayor has failed to invest £400 million of his affordable homes budget. Sadiq will use this and support housing associations in their plans to ensure a minimum of 80,000 new homes a year.
Land for homes
Sadiq will bring forward more land owned by public bodies like TfL and use the Mayor's new homes team to develop that land. This will enable more homes to be built where they are needed, rather than where developers think they can make the most money.
London Living Rent
Sadiq will create a new form of affordable housing, with rent based on a third of average local income, not market rates. A new form of tenure, more affordable, and giving you the chance to save for a deposit.
Action for private renters
Sadiq will establish a London-wide not-for-profit lettings agency to promote longer-term, stable tenancies for responsible tenants and good landlords across London.
Action on Landlords
Sadiq will work with boroughs to set up landlord licensing schemes – naming and shaming bad landlords and promoting good ones so you know what you’re getting yourself into.