Network Homes has signed an agreement with the Mayor of London to become a strategic partner in delivering affordable housing in the capital.
Network Homes will be delivering 1,752 homes in London between 2016 and 2021 with 60% of all the homes built for affordable housing, including homes for shared ownership, London Living Rent and social rent.
This forms part of Sadiq Khan’s 90,000 affordable homes programme for the capital by 2021. The new homes will be across all 32 London Boroughs and the City of London. The eight strategic partners alone will deliver 38,500 affordable homes.
Vicky Savage, Executive Director of Development at Network Homes said: “We are delighted to sign a strategic partnership with the Mayor of London. It is great recognition that the Mayor trusts us as a developer that consistently over delivers on affordable homes targets year after year. We look forward to working in innovative ways with City Hall to deliver the Mayor’s programme of housing in the capital.”
The Mayor of London, Sadiq Khan, said: “I want to see everyone playing their part in tackling the housing crisis in London, because it is simply unacceptable that Londoners continue to be priced out of a city they call home.
We know that solving the housing crisis is not going to happen overnight, but I very much welcome so many housing associations and councils matching my ambition by committing to build the new and genuinely affordable homes Londoners so desperately need.
I am delighted that we have set a City Hall record for the number of homes allocated funding - but I am clear that we have got much more to do to secure the land we need to build homes and ensure we have sufficient capacity in the construction industry.”