London housing association plans to build 5,000 new homes per year until 2020

A London housing association has revealed plans to develop close to 5,000 new homes per year until 2020, a recent news report has revealed.

L&Q London Housing Association has also vowed to treble its production pipeline to 50,000 homes over the next decade, in order to meet increasingly higher demand.

L&Q Chief Executive David Montague said: “The chronic lack of quality, affordable housing is one of the biggest challenges facing Britain today. For far too long, supply has fallen woefully short of demand and so we are making a step change in our development programme.

“L&Q has always had the desire to create more homes, and now our financial strength gives us the capability to embark on the largest house-building programme in housing association history.”

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