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Homes for London (HfL) Board
Date of meeting:
15 May 2013
Title of paper:
London Strategic Housing Market Assessment
To be presented by:
Alan Benson
Cleared by:
Jamie Ratcliff, Assistant Director - Programme Policy
and Services
Richard Blakeway, Deputy Mayor for Housing, Land &
Property
Classification
Public
1
Purpose of this paper
1.1
To update the Homes for London (HfL) Board on the GLA’s plans for a new
London Strategic Housing Market Assessment.
2
Recommendation
2.1
That the Board notes the contents of the report.
3
Key information / issues arising
3.1
The Mayor intends to launch a new alteration of his London Plan in early
2014, centred around a review of the Plan’s housing policies and targets. In
order to update the evidence base for the Plan and to comply with the
requirements of the National Planning Policy Framework, the GLA intends
to produce by end 2013 a new Strategic Housing Market Assessment
(SHMA), which will provide estimates of London’s future housing
requirements.
3.2
To provide evidence of future housing capacity the GLA will also produce a
new Strategic Housing Land Availability Assessment (SHLAA), which is the
subject of a separate paper to this meeting.
3.3
GLA officers are developing the methodology for the new SHMA, and as
with the SHLAA will work with a steering group of stakeholders including
London boroughs to produce the final report. The new SHMA will provide
results at London-level only, with boroughs continuing with sub-regional or
local SHMAs as appropriate.
4
Relevant background information
4.1
The 2008 London Strategic Housing Market Assessment, published in April
2009, estimated London’s annual housing requirement to be around 34,900
new homes a year, most of them affordable.
4.2
Since publication of the last SHMA, the available evidence suggests that
London’s housing requirements have increased further. The 2011 Census
revealed that London’s population had grown faster than previously thought,
while recent DCLG household projections suggest that potential household
growth has also risen sharply. Finally, data on overcrowding indicates that
the backlog of unmet housing need in London has also grown. The Mayor
drew on evidence of rising housing requirements in his speech to the
Chartered Institute of Housing in February, suggesting that London would
need to build at least 40,000 new homes a year.
5
Risks arising / mitigation
5.1
There are no specific risks associated with this item.
6
Financial comments from the Executive Director Resources
6.1
This item has no direct financial implications for the GLA.
7
Next steps / conclusion
7.1
The GLA will report progress to HfL on a regular basis.