Our esteemed London Mayor has, at the end of February very quietly released the latest tranche of housing policy designed, it seems, to erase all memory of Red Kens tenure (the very first policy is for the abolishment of the key tenet of Livingstones housing policy, the requirement for all housing developments over 10 units) to provide 50% affordable housing).
The headlines read well for core Tory voters in advance of the general election, small businessmen with parcels of land big enough to make a quick buck on, but too small to want to be bothered with providing affordable housing, which I can see with my less cynical hat on will keep the economy moving. However, it's hard to pin down exactly what mechanism will ensure the delivery of the 50,000 affordable homes over the next four years.
Other news sees the threshold for eligibility for shared ownership homes (part bought / part rented from registered social landlords) increased. A family with dependants needing a 3 bedroom or bigger home can qualify with a family income in the range £18,100 - £74,000 (US$27,400 - 112,050).
A final positive is that the policy seems to move London ever closer to minimum space standards for all homes, necessary to draw a line under the unsustainable rabbit hutch building of the last decade, dubbed by many as 'Parker Boris' after the 1960's Parker Morris standards over which they show a 10% increase in space.
Not one of my more glamorous posts I admit, but it's interesting to see how policy makers have such a profound effect not only on the form and density of our cities, but on the everyday economics of peoples lives. Read it for yourself here.