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London’s social housing crisis will take top billing at a meeting of city politicians, and there are big dollars at stake.

Two social housing agencies, Housing Development Corp. and London and London Middlesex Housing Corp., are blitzing a Monday city hall committee with reports that lay out the future challenge – and massive cost – of providing homes for those in need.

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“It is the most important conversation we will have as a council this year. How innovative can we be?” asked Coun. Anna Hopkins, past board member of the LMHC.

“We have been talking about this for years. We are getting further behind. We need a hard look at this. All the costs are mounting.”

More than $450 million is needed in London during 10 years for maintenance and repair to units, about $60 million of which is for immediate work such as elevators and furnaces that cannot be delayed, the LMHC states in a report to the strategic priorities and policy committee.