Commenting on new research from Shelter showing the Government’s new Starter Homes programme will be unaffordable to all but high income Londoners, Labour’s London Assembly Housing Spokesperson Tom Copley AM said:
"Shelter's analysis strongly suggests that the Government's new Starter Homes programme is doomed to fail. Not only will these new homes be unaffordable to working families on average incomes in the capital, the signs are that Government will raid the affordable housing budget to pay for them, resulting in fewer, not more, genuinely affordable homes being built.
"Token schemes like this which appear to move pots of money around instead of actually increasing investment in housing, will not help. The government need to take the housing crisis seriously. That means properly funding Housing Associations to build social and shared ownership housing and removing the arbitrary cap on council investment in new homes. £450,000 homes which are unaffordable to the vast majority of the population are not part of the solution."