Councillor Paul McGeary stated that the granted £23.9 million from the Greater London Authority represents a crucial step in providing safe, affordable homes for residents. This funding not only allows Havering Council to buy back former council and private properties but also aims to alleviate the pressing housing crisis that has left many residents in temporary shelter.
Resource director Kathy Freeman highlighted the ongoing budget challenges, explaining that without fundamental changes, Havering Council is destined to carry forward a deficit each year, potentially requiring another capitalisation direction to set a legally balanced budget.
Councillor Chris Wilkins emphasized that the council's financial troubles stem from funding issues rather than a lack of desire to provide services, underlining the necessity for grant funding to support essential community services.
Despite recent funding, pressures on social care and housing costs mean the council faces a projected shortfall of £75 million, underscoring the urgent need for a sustainable solution to balance the budget.
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