The affordable housing crisis in London is dire, with only 3,156 affordable homes constructed in the past year—an 88 percent drop from 26,386 starts.
Popular boroughs like Bexley and Harrow only initiated one new affordable property each, highlighting the severity of the housing shortfall and its impact on local communities.
Despite the government's recent budget announcement of a £500m uplift for housing, experts estimate that a minimum of £4.6bn is required annually to address the mounting need.
The upcoming spending review next spring is vital, as it could determine whether the government commits to a substantial increase in funding for affordable housing provision.
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