The City of London Corporation will build 91 new affordable homes on its York Way Estate in the London Borough of Islington.
Residents will benefit from a combination of studio, and one-, two-, three- and four-bedroom homes across four buildings. Half of the homes will be given to tenants of Islington Council.
The City Corporation will also build a new community centre, estate office, two playgrounds, a games area, and resident gardens.
The City Corporation is a social landlord managing 12 housing estates across the City of London and six London boroughs.
Chairman of the City of London Corporation’s Community and Children’s Services Committee, Ruby Sayed, said: “High housing costs are a threat to the capital’s competitiveness and the ability of London’s businesses to attract and retain the workforce it needs.
“London’s housing shortage is one of the most pressing social issues that we face. We have ambitious plans to develop many new homes on sites across the capital.
“The housing project at York Way Estate is an exciting one and will benefit residents for years to come.”
The City Corporation has appointed Higgins Partnerships to deliver the housing project at York Way Estate.
Cllr Diarmaid Ward, Islington Council’s Deputy Leader and Executive Member for Finance, Planning and Performance, said: “Everyone deserves a safe, decent, and genuinely affordable place to call home — this is a vital part of our work to create a more equal Islington.
“I am delighted that this development will provide 45 much-needed new homes for social rent for Islington Council tenants on the York Way Estate. Council homes change lives — we need them more than ever in the midst of a housing crisis and a cost of living emergency.”
Steve Leakey, Managing Director of Higgins Partnerships commented: “With the ongoing demand for new social housing in London we are pleased to be working with the City Corporation to deliver these additional low carbon affordable homes on the York Way Estate.
“As well as delivering the new homes we will also work closely with the local community to create employment and training opportunities for those living in the local area, through apprenticeship and work placements and also support those who are looking to retrain and build a career in the construction industry.”
