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Boris beats London affordable home building target

Boris beats London affordable home building target
Mayor of London Boris Johnson has met his pledge to build 50,000 affordable homes in his first term.

Latest figures from the Homes and Communities Agency show he is on track to deliver 100,000 affordable homes by 2015 after beating his 50,000 first term target.

New figures reveal more than 54,000 homes were built over the four-year period, exceeding the Mayor’s pledge to Londoners during his first term in office.

Figures from the Homes and Communities Agency show that in the past year more than 16,000 homes were delivered in London, which saw the Mayor beat his target by more than 4,000 homes.

London accounted for nearly a third of all English 2011-12 completions.

Across England, the Agency exceeded its key outputs for last year, achieving a total of 59,451 housing completions in England against a target of 35,000, and 19,967 housing starts on site in the year March 2012.

Chief executive of the HCA, Pat Ritchie, said: “This is a good result and we are where we expected to be in our delivery programme.

“We will be reviewing and monitoring delivery for the coming year of the Programme, to ensure that our funding offers the best value for public money and helps meet government aspirations of delivering up to 170,000 new homes by 2015.”

Housing minister Grant Shapps said: "Far from the predictions of the doom merchants, today's figures show work has started on over 15,000 new affordable homes since last September - a massive increase on the previous six month period.

“This is clear evidence that our efforts to get Britain building are starting to yield impressive results.

“This rapid and dramatic progress means that we are well on track to exceed all original expectations and deliver up to 170,000 new affordable homes over the next few years.”

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