Sadiq Khan has announced a new housing scheme which will see 20,000 new homes built in London, 12,000 of which are "genuinely affordable".
In a partnership with one of the city's housing associations, the Mayor of London's agreement with L&Q will see £8 billion invested in new houses.
This is the first agreement under his affordable housing deal secured from government last November, which will see 90,000 new affordable homes started by 2021.
City Hall is contributing £400m towards the sum to help boost affordable housing delivery and to assist with land purchases and infrastructure costs.
The announcement, made on Thursday (April 6), came on the same day that the Mayor confirmed 100,000 Londoners now have access to the employers’ housing pledge he launched in January with business organisation London First.
The pledge has 23 of the capital’s employers now taking part, offering employees help with housing costs including access to a tenancy deposit loan scheme.
The Mayor has this week written to a further 250 London Living Wage employers in the capital, encouraging them to support their staff and introduce the tenancy loan too.
Mr Khan said: "For far too long, London has not been building enough homes. This has meant that Londoners born and raised in our great capital have struggled to rent and stood little or no chance of owning a home in their own city.
"I welcome L&Q’s commitment and significant investment in building new and genuinely affordable homes for Londoners.
"This announcement demonstrates real progress on the long road towards tackling London’s housing crisis and signals my intention to work with housing associations to deliver thousands of homes with at least 60% being affordable.
"I urge other housing associations to work with us to get on and build the homes London needs."
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