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Lambeth Council has begun a search to find a development partner to help deliver 450 new homes across six sites in the borough.
At least 150 of the new homes will be affordable, the local authority said.
The development, which will be delivered through a portfolio approach and is called New Homes 6, is part of the borough’s New Homes Programme.
Launched in March 2024, the programme aims to deliver an additional minimum of 500 new affordable homes on council-owned land by 2030.
Danny Adilypour, deputy leader and cabinet member for housing, investment and new homes at Lambeth Council, said the borough had made “great strides in unlocking many housing projects” since the programme’s launch.
“But as the temporary accommodation crisis continues, with 5,000 households in often sub-standard temporary accommodation and more than 40,000 people on Lambeth’s housing waiting list, coupled with difficult financial circumstances, we need to act more urgently through the most effective way to help us deliver new housing,” Mr Adilypour added.
Prospective development partners should make sure they can deliver more than 450 homes across the initial sites. At least 35% of the homes should be affordable.
The 150 affordable homes should be started on site by 2030, with at least 70% for social rent.
“Alongside working with the government to find solutions to our housing crisis, we know that the right partnership with an industry expert will help us deliver more new affordable homes at pace, which we have started implementing on other projects already to accelerate delivery,” Mr Adilypour said.
The partnership offer will be advertised through the UK government’s find a tender service portal from 6 January and is expected to be completed in 10 to 12 months.
In 2022, Lambeth Council made the decision to shut down Homes for Lambeth, its wholly owned housebuilding company, after a review criticised its “very poor delivery”.
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