The first Labour mayor to have been elected since Ken Livingstone left the post in 2008, Sadiq Khan has had housing policy at the forefront of his manifesto.
As the cost of living in London continues to rise, Khan has zoned in on creating more homes for Londoners. As his victory in the race has been announced, we take a look at his key housing policies and how they are set to be implemented.
Khan’s key policies:
- To provide support to housing associations in order for 80,000 new homes a year to be built in London.
- To make 50% of new homes built genuinely affordable.
- To enforce that Londoners are given the option to buy newly built homes first.
- To improve tenants’ rights when renting, including more control over contract length, cost of rent and the living standard of homes.
How Khan plans to provide Londoners with results:
- By setting up a new team in City Hall, ‘Homes for Londoners’.
- By creating an alliance with councils, housing associations, developers and businesses.
- By building on land currently owned by the Mayor and bidding on other public sector land.
- By bringing the case for landlord licensing schemes to government.
How well these initiatives are implemented remains to be seen, but it is set to be a very interesting four years for Londoners and the city’s property market.