The councils warn more boroughs could declare effective bankruptcy without more government support.
Councils in London are spending £90m per month on temporary accommodation for homeless people - up by almost 40% last year, according to new data.
Its latest figures show "skyrocketing rates of homelessness", it said, with more than 175,000 people in the capital thought to be in temporary accommodation, equivalent to one in 50. Councillor Darren Rodwell, its executive member for regeneration, housing and planning, urged the government to "boost funding" to help the boroughs.He added: "Boroughs work hard to house homeless Londoners. However, London's ballooning temporary accommodation bill is a critical danger to boroughs' financial stability."If things go on the way they are, it's no exaggeration to say these enormous costs pose a bankruptcy risk.
Since 2010, the number of London households in temporary accommodation has almost doubled - from 36,000 in March 2010 to 63,000 in September 2023, according to London Councils' latest data.
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