Commenting on TfL’s announcement that it will open up land for 10,000 new homes, Labour’s London Assembly Housing Spokesperson, Tom Copley AM said:
“With Londoners facing a mammoth housing crisis, the need for new homes has never been greater. To keep up with demand the capital needs to build at least 49,000 new homes every year so any action to open up TfL land for housing is welcome. What is important however is that TfL understands the need is for affordable, family home, not just yet more luxury flats which are only affordable to the super-rich.
“Whilst we need to develop a new income stream for TfL to keep fares down, we also need that to be balanced by a focus on meeting the housing needs of ordinary Londoners not solely chasing the highest price, which risks costing the capital more in the long run. This will be a challenging balancing act but it is vital if we are to get the most benefit possible from TfL’s land reserves.
“Given the disappointingly small amount of affordable housing included in the deal to sell their former Broadway HQ, it seems TfL has a way to go before it finds that balance.”