Lewisham Council is proposing a significant housing investment totalling £602.1 million over the next four years, with £148.7 million earmarked for the upcoming financial year 2026-27.
The substantial investment, detailed in the council's budget report for 2026-27, is set to cover a range of initiatives, including the capital programme for existing stock and a new build programme. The proposed annual expenditure for the Housing Revenue Account (HRA) in 2026-27 is £275.7 million.
Key areas within the proposed capital programme include addressing damp and disrepair issues in the council's stock, with action plans being developed following surveys to identify necessary repairs. Discussions are ongoing regarding how to fund the cost of these repairs, which may lead to reprioritisation of capital plans for existing stock.
