Wandsworth Council has unveiled a plan to build affordable rent homes as part of a return to council housebuilding projects financed by the local authority.
It is anticipated that the proposed building project, based in Battersea, in the Nine Elms regeneration area, will see 22 homes for low cost rent built on the site of disused garages in Deeley Road, 15 in nearby Thessaly Road and 21 at Tidbury Court in Stewarts Road, SW8.
The plan is the latest step in the local authority’s push to create more affordable housing – a drive which in recent years has seen 250 affordable homes built under the council’s Hidden Homes initiative.
Council leader Ravi Govindia said: “Funding this project allows us not just to ensure a high quality of build but also to control how the properties will be let, enabling us to focus on helping local people needing housing.”
The £7m project in the Nine Elms on the South Bank regeneration area will be funded by money generated through previous Right to Buy sales.
Earlier this year, the council launched the Wandsworth Affordable Housing Programme in response to the ever-increasing demand for all forms of housing including low cost rent housing.
The programme will feature a grant giving scheme, which will be one of only a few grant giving programmes being put in place by a local authority to support affordable housing development.
Under this programme, the council will look to secure agreements with development partners whereby, for the council grant available, the maximum number of affordable rent homes are delivered – with the council being given tenancy nominations and relets for those properties.
The affordable housing programme will also enable more housing to be built under the authority’s Hidden Homes initiative, which sees formerly empty or derelict areas such as old laundries, store sheds, garages, or space on estates prone to crime or antisocial behaviour being used to provide new affordable homes.