Tower Hamlets Builds Most Affordable Homes in London

Figures from a new City Hall report have revealed that Tower Hamlets completed more affordable housing than any other borough in the capital in 2015/16.

 

Mayor John Biggs welcomed the announcement saying that it showed his commitment to tackling the housing crisis in Tower Hamlets.

The City Hall report found 886 affordable homes were built in Tower Hamlets in 2015/16, more than anywhere else in London. More up to date Council figures show Tower Hamlets did even better than reported with 1,070 affordable homes built last year (2016/17) and another 1,073 the year before (2015/16).

Since he was elected Mayor Biggs has prioritised affordable housing. Alongside his pledge to build 1,000 council homes in coming years, Mayor Biggs established the Tower Hamlets Affordability Commission last year which resulted in the decision earlier this year to introduce lower rents for new council and affordable housing saving residents up to £6,000 a year.

The very high cost of housing, a chronic shortage of stock and a growing population all mean considerable challenges in providing affordable housing. The figures from the monitoring report highlight the massive progress made in fulfilling one of Mayor Biggs’ key priorities.

Mayor John Biggs said:

“One of my key election pledges was to build 1,000 new council homes and to ensure that homes are genuinely affordable for local people. We are making strong progress and according to this report, under my Mayoralty Tower Hamlets built more affordable homes than anywhere in London the year after I was elected.

“Tackling the housing crisis in Tower Hamlets is one of my top priorities and I’m proud we are leading the way. On top of delivering more affordable housing than anywhere else, we have cut rents to save new council tenants up to £6,000 a year, launched a private renter’s charter and are building 1,000 new council homes.”

Deputy Mayor for Housing, Cllr Sirajul Islam said:

“Residents in Tower Hamlets, like residents across London, face a housing crisis with no support from central Government. Councils have been left to pick up the pieces and deliver the affordable housing that’s badly needed. Tower Hamlets has done just that, and I’m pleased that our efforts to deliver affordable housing are reflected in this new report.”

Cllr Rachel Blake, Cabinet Member for Strategic Development said:

“There is a great deal more to do to solve the affordability crisis across London, but we’ve made significant progress in addressing the problem here in Tower Hamlets. With hundreds of new affordable homes provided in 2015/16, and our new rules for affordable rents, we’re working towards a much better housing deal for residents in Tower Hamlets.”

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