Conservatives in City Hall have slammed mayor Sadiq Khan for not building enough new homes in his first year in office.
According to figures seen by City A.M., construction started on 17,130 homes in 2016/17, down from 21,310 the year before, a drop of nearly 20 per cent.
During his mayoral campaign, Khan recognised that London would need to build 50,000 homes a year to meet the demands of the capital. But today, Khan's housing spokesperson said that solving the housing crisis would be a "marathon and not a sprint".
Andrew Boff, GLA Conservatives' housing spokesman, said the figures were a "damning indictment" of the mayor's first 14 months in office.
"Sadiq Khan made some outlandish housing delivery claims during his election campaign but the proof is in the pudding," he said.
The mayor's housing spokesperson said the housing starts reflected the number of planning permissions submitted while Boris Johnson was the mayor. It can take one or two years for a development to gain planning permission.
City Hall Conservatives have criticised Khan for not allocating funding to housebuilding sooner after becoming mayor.
"Londoners know that turning round the housing crisis won’t happen overnight, and these figures confirm the legacy of falling homebuilding and low levels of affordable housing that Sadiq inherited from the previous mayor," Khan's spokesperson said.
Last November, Philip Hammond announced that London will receive £3.15bn of funding for 90,000 affordable homes.
Today, Khan will announce how he is allocating part of that funding package to build 50,000 affordable homes.