Mayor of London Sir Sadiq Khan has pledged to deliver at least 6,000 new rent-controlled homes for key workers by 2030.
Sir Sadiq launched the ‘Key Worker Living Rent’ scheme yesterday in line with his 2024 manifesto pledge.
The homes will offer long-term rents based on 40% of key workers’ average net household incomes for key workers, including teachers, nurses, careers and busdrivers.
Based on data from the Office for National Statistics, the London Assembly says the scheme will save those in a one-bedroom home £4,500 on average a year and £7,000 for those in a two-bedroom home.
It will also include homes for sharers and that tenants are not required to buy a share of their home.
The scheme is part of Sir Sadiq’s wider Affordable Homes Programme, which has received £11.7 billion investment from the government. Sir Sadiq is calling on investors to partner with the public sector to build these homes.
Sir Sadiq said: “Key workers, including teachers, nurses and bus drivers, play a critical role in keeping our city moving, working around the clock to deliver vital public services for millions of Londoners. It is only right that these hardworking Londoners can afford to live in a decent, safe home in the city they are serving.
“That’s why I’m proud to launch my innovative ‘Key Worker Living Rent’ scheme, which will help NHS staff, police, firefighters and others into thousands of affordable homes for long-term rent, saving potentially thousands of pounds each year.
“I will continue to work closely with Government and partners to do everything I can to accelerate the delivery of affordable homes, as we build a better and fairer London for everyone.”
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HeadlineSadiq Khan’s ‘Key Worker Living Rent’ scheme pledging 6,000 affordable new homes for frontline workers
Short HeadlineMayor of London pledges affordable new homes for London’s key workers
StandfirstThe scheme will provide homes for NHS staff, police, firefighters, and teachers, among others.
Mayor of London Sir Sadiq Khan has pledged to deliver at least 6,000 new rent-controlled homes for key workers by 2030.
Sir Sadiq launched the ‘Key Worker Living Rent’ scheme yesterday in line with his 2024 manifesto pledge.
The homes will offer long-term rents based on 40% of key workers’ average net household incomes for key workers, including teachers, nurses, careers and busdrivers.
Based on data from the Office for National Statistics, the London Assembly says the scheme will save those in a one-bedroom home £4,500 on average a year and £7,000 for those in a two-bedroom home.
It will also include homes for sharers and that tenants are not required to buy a share of their home.
The scheme is part of Sir Sadiq’s wider Affordable Homes Programme, which has received £11.7 billion investment from the government. Sir Sadiq is calling on investors to partner with the public sector to build these homes.
Sir Sadiq said: “Key workers, including teachers, nurses and bus drivers, play a critical role in keeping our city moving, working around the clock to deliver vital public services for millions of Londoners. It is only right that these hardworking Londoners can afford to live in a decent, safe home in the city they are serving.
“That’s why I’m proud to launch my innovative ‘Key Worker Living Rent’ scheme, which will help NHS staff, police, firefighters and others into thousands of affordable homes for long-term rent, saving potentially thousands of pounds each year.
“I will continue to work closely with Government and partners to do everything I can to accelerate the delivery of affordable homes, as we build a better and fairer London for everyone.”
