The requirement for developers to provide affordable housing in London is set to be cut by more than half in a bid to save Labour’s 1.5m new homes target , The i Paper has learned.

Housing Secretary Steve Reed and London mayor Sadiq Khan have held talks over an “emergency reduction” to the Greater London Authority (GLA) target for developers to allocate 35 per cent of new homes as affordable housing .

The move aims to revive flatlining housebuilding levels in London, where just 3,950 new homes were completed in the first half of this year, despite a government target of 88,000 new homes a year. New Feature

In Short

Quick Stories. Same trusted journalism.

A memo from government housing officials, shows the target could be slashed to 20 per cent – of which developers will have

See Full Page