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Given the lack of affordable targets, it would now have to pay a steep price to catch up.BSCH now has 22m customers in 12 Latin American countries, having earlier this year bought Serfin of Mexico and Banco de Caracas of Venezuela.
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At 4.5% of the total, this is far short of the local Lambeth council's affordable target of 40%.
Johnson also abandoned Livingstone's 50% affordable target, allowing developers to hide behind their confidential viability assessments to justify levels as low as 10%.
And although some of the first 50-odd sites on TfL's list for developing with private partners may have a respectable "affordable" element, none of the few revealed so far hit Khan's promised 50% affordable target.
He refrained from setting a numerical "affordable" target too, though he confirmed a "long-term strategic" goal of 50% of all new homes built in London being "genuinely affordable".
Asked what would be required to achieve a long-term 50% affordable target, he said that a combination of "clear planning rules", investment and a "contribution from public land" will provide the necessary conditions.
But AK Steel's $2.8 billion (enterprise value) and enterprise multiple of 5 make it an affordable target for the right company.
Affordable housing targets are being met but services for people claiming housing benefit are "poor".
They argue the government now has to put pressure on builders to meet affordable housing targets.
Housebuilders and councils in Britain's biggest cities are failing to comply with affordable housing targets, and even ripping up legal commitments to build cheaper homes.
Other than Birmingham, the cities where at least 50% of housing schemes failed to meet local affordable housing targets were Bristol, Bradford, Cardiff, Manchester and Sheffield.
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