Covid-19 Bounce Back loans for property businesses16:06 PM, 5th May 2020
About 4 weeks ago 47
A new Covid-19 Housing Delivery Taskforce to tackle the challenges Covid-19 poses to the London housing sector has met for the first time and is chaired by Labour’s Deputy Mayor for Housing and Residential Development, Tom Copley.
The group will consider how the sector can adapt and maintain resilience and also look at specific support needed from Government that would be effective in maintaining housing supply and providing confidence in the market.
The Taskforce press statement reported:
With millions of low paid renters in London now facing increased financial uncertainty the Mayor has also warned of a ‘ticking timebomb’ of debt, arrears and widespread evictions over the coming months. He has called on the Government to immediately implement his ‘Triple Lock’ protection for private renters by increasing welfare support, ending ‘no fault’ evictions and stopping tenants who fall into arrears due to Covid-19 being evicted.
Tom Copley said: “Delivering the social and other genuinely affordable homes Londoners need has always been the Mayor’s top priority and this pandemic challenges our ambitious targets like never before. I am pleased that so many key members of the London housing sector have responded to my call to join this new taskforce, working together to help the industry through this crisis and ensuring we can build a better future after it.
“The 2008 financial crisis demonstrated that an economic shock can have a sustained impact on the housing market and the delivery of new homes. It is essential that planning starts now to ensure London recovers as quickly as possible and the sector continues to deliver the homes Londoners need at pace and at scale.
“The public sector must play a key role. Having begun to rebuild their house building capacity, supported by the Mayor, London’s councils are in a much stronger position to support this recovery than they were 12 years ago.
“I want us to do more than just bounce back from this. I want London’s housing sector to emerge from this crisis with improved resilience, a greater sense of co-operation and a new found resolve to deliver the genuinely affordable homes that London so desperately needs.”
The Covid-19 Housing Delivery Taskforce is made up of leaders from across London’s housing delivery sector including councils, construction, unions, and housing associations.
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