Affordable housing quota for London falls to 20%
15 minutes ago Share Save Susana Mendonça, BBC London political reporter and Adriana Elgueta, London Share Save
BBC Housing Secretary Steve Reed with Mayor of London Sir Sadiq Khan on Thursday
The government and the mayor of London have agreed to change the quota for the amount of affordable housing for new developments in London from 35% to 20%. City Hall said the measures were introduced to help speed up planning decisions, incentivise developers and build more houses. Developers are promised a fast-tracked application if they agree to build 20% of affordable housing in their plans. As part of the announcement, the mayor has also been given more planning powers and funding.
City Hall wil
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