For too many Londoners, finding a home at a price they can afford remains a struggle. To support Londoners, we need a healthy housing market, with a diverse range of housing options to suit their needs.
This isn’t just about social rented homes, for which there is still such high demand, but for those people who can afford slightly higher rents but can’t afford a home at current market levels. For those people intermediate housing supports them. This includes products like shared ownership and London Living rent.
Intermediate housing is an important tenure for Londoners but also for our sector. Housing associations are the largest provider of shared ownership in the capital. Providing these homes strikes at the core of our sector’s ambition – that everyone has the opportunity to live in a good quality, safe and secure home at a price they can afford. These homes are also likely to support key workers who do vital work across London and have played a vital role in our recovery from the pandemic.
Last month, the Greater London Authority (GLA) launched an important consultation on intermediate housing in the capital. The consultation includes a wide range of proposals relevant to how to deliver these homes in London.
It consults on a broad range of proposals from addressing concerns with the affordability of shared ownership homes, to what more needs to be done to support the delivery of these homes, and how to make the allocation of intermediate homes more consistent and transparent.
The GLA will use the evidence gathered through this consultation to ensure that intermediate housing is working as effectively as possible, as well as to further understand what the implications of the coronavirus crisis might be for intermediate housing.
We are preparing our response to the consultation but need help from our members – we want to ensure that any changes to the system are grounded in housing associations’ experiences of delivering intermediate housing in London.
Please share your feedback on these proposals by emailing us by 2 October 2020.