There is insufficient funding available to fund Lambeth’s Lambeth Housing Standards Programme. The latest estimate is that there is a shortfall of £85m. The Council has to make hard decisions about which estates to include in the programme, and which not include. Factors that inform that decision include the capital cost of refurbishment, the annual cost of managing and maintaining an estate, the condition of the existing homes and the potential additional homes that could be built through redevelopment.
 Lambeth Housing Standard (LHS): In 2012 the Council agreed to bring all homes in Lambeth up to the Lambeth Housing Standard (LHS) with works to make them warm, dry and safe and include the Government Decent Homes Standard. The LHS was co-produced with residents. It was estimated that the LHS programme would cost £490m based on a sample survey. Of the £490m required, the Council estimated in 2012 that it was able to fund £431m through a combination of borrowing and grants. The programme was scheduled to take five years to complete.
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