The borough said the number of families in temporary accommodation has reached almost 3,000 at the same time as rental costs across London have increased by 68% and it is struggling with a dwindling supply of homes.
The Government last week signed off a £51.2million bailout for the east London borough and, as part of the package, residents will also see a 9% council tax rise - almost twice the maximum allowed elsewhere in the country.
Almost 5,000 people have been added to the list in London since last year when 330,585 people were waiting for a home and there were 9,190 vacant council properties.
Lambeth was allocated £40million of emergency Government cash to manage financial pressures within its housing revenue account, which covers the expenditure of running the town hall’s own housing stock.
London’s housing crisis has been laid bare as figures show that families will have to wait up to 25 years for a social home in some parts of the city.
