Transport for London is reviewing all current and future projects as it faces large shortfalls in revenue with the capital in lockdown.
London’s transport authority owns a 5,700-acre estate, of which 300 acres are in development.
It has a target to be on site delivering 10,000 homes by March 2021, of which around 6,000 are on sites in west London.
At the start of the year it had begun construction on 740 homes, with a further 600 expected to start imminently at Kidbrooke in Greenwich.
The team has bulked out significantly to ramp up delivery, increasing from five to around 100 in recent years.
See also: TfL on track to hit housing targets
TfL has sought to plug funding gaps with joint venture projects on its estate, following reduced public grants. It has also reduced operating costs to around £600m a month.
Following the start of the government-mandated lockdown last month, the number of Tube journeys has fallen by 95%, with bus journeys down 85%.
The organisation is assessing roles that can be furloughed and engaging with suppliers and contractors on various projects.
A TfL spokesman said: “We are having constructive discussions with the government about the support we need so that we can continue to serve the city effectively and carry on with the vital work that needs to be done during the pandemic and support the national effort to beat it.”
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