A City Hall-run corporation should fix London’s “broken housing market”, a London Assembly Labour member has urged.
Tom Copley says in Fair Housing, a report on the capital’s housing costs, that a London Housing Corporation should build homes in the capital to ease the shortage and spiralling prices. The report recommends the body borrows against the Greater London Authority’s (GLA) revenue streams to build properties. Copley wants the GLA’s land and housing departments to be reorganised as an arms-length body, Homes for London. This could provide a single point for investment and home building, he suggested.
29/01/14 Financial Times 2
