London housing partnership launched

A new partnership has been launched in order to develop affordable housing in London.

The UK's most expensive city has traditionally been extremely difficult to buy in and it is hoped that the new partnership, with a £3 billion war chest, will be able to go some way to alleviating this problem.

A coming together of the Homes and Communities Agency (HCA), the mayor and the government has led to the London HCA Board being established.

It will aim to create communities which people want to live in, by constructing family-friendly, environmentally sustainable and affordable housing.

"My new housing strategy sets out clear policies to help make housing more affordable for Londoners, and especially for those struggling to find family housing" said London mayor Ken Livignstone.

"Sir Bob Kerslake and I have agreed a clear basis on which the new Homes and Communities Agency will work in London and are looking forward to working closely with boroughs, builders and local communities to help provide the homes this city needs.

"These new arrangements will bring the delivery of housing and regeneration far closer to London's specific needs than has ever been possible before," he added.

The latest figures from Halifax revealed that house price growth across the UK stabilised in January.

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