Southwark Council is deliberating how best to deliver thousands of council homes in the borough.
The authority made a pledge in 2013 to build 11,000 new homes in the borough by 2043.
A report was produced at a cabinet meeting on 22 July, which detailed plans to ramp up its programme of building council homes to 1,500 finished homes by 2018.
If the report is approved, a company will be set up by the council to ensure the necessary investment is received to ensure time scales are met.
Councillor Peter John, leader of Southwark Council, said: "London is suffering from a chronic shortage of quality, affordable homes. We in Southwark are committed to using every tool at our disposal to increase the supply of all kinds of homes across the borough, including new council homes.
"Through our planning policies, we will unlock new sites for house building, both council and commercial. Through our large scale regeneration programmes and the financial contributions they bring to the council, we will deliver new private, housing association and council homes for hard working families on all income levels."
"We've already surpassed one degree of global warming," said Kristen Buida, manager of the London Climate Change Partnership.