Don't cut London's affordable housing quotas, Labour MPs urge ministers and mayor
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Don't cut London's affordable housing quotas, Labour MPs urge ministers and mayor
"Solving the housing crisis relies not just on how many new homes we build, but also on their affordability. One of the main drivers of the crisis we are in has been the failure over many decades to build homes that are within reach of local people. This problem has been particularly acute in London, where all too often we have seen developers prioritise profitable luxury units over housing that meets the needs of people already living here."
"Walthamstow has been struggling with the impact of development for years whether in housing or in the increase in rents it causes by driving gentrification as housing costs are the reason we have such high levels of poverty. We desperately need genuinely affordable housing and protections for tenants I hope the mayor will hold firm that these targets matter."
Labour MPs are urging ministers and the London mayor to abandon proposals to lower affordable housing requirements in fast-track developments from 35% to 20%. The proposals under consideration by housing secretary Steve Reed and mayor Sadiq Khan respond to a sudden drop in new development in the capital. MPs plan to use the coming weeks to persuade ministers not to proceed. Labour representatives argue that solving the housing crisis requires building homes that are affordable and within reach of local people, and warn that developers have too often prioritised luxury units, driving gentrification and higher rents.
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