Councillor Anthony Okereke has set out a pipeline of more than 50,000 potential new council homes across London if sufficient funding is made available.
The Labour and Co-operative leader of Greenwich and London Councils housing executive member presented the figure to the All-Party Parliamentary Group for London ahead of the Autumn Budget.
The pipeline is based on borough submissions to the London Social and Affordable Homes Programme. London Councils said delivery would increase the capital's council housing stock by almost 15 per cent.
The cross-party body is also seeking fiscal devolution for boroughs and the ability to retain land-value increases generated by infrastructure projects. It wants local authorities involved in designing new financial powers for the capital.
London Councils estimates a borough funding gap of up to £1.2 billion in 2026-27 and a cumulative shortfall of £5.2 billion by 2030.
The 50,000 homes are a conditional development pipeline, not funded starts or completed properties. Okereke said the Budget would determine how far boroughs could turn the proposals into delivery.
