AROUND 1,600 new homes will be built as part of a new venture between Wakefield Council and Wakefield and District Housing.
A report prepared for Wakefield Council’s cabinet committee, which will meet on Tuesday, will look at how the partnership would run and the benefits it will mean for people across the district.
The new homes will be a mixture of properties for sale and rent across the district, and any profit would be reinvested into the partnership.
Coun Peter Box, leader of Wakefield Council, said: “This new venture is moving forward and we are working to together to establish a plan of action. By working with WDH, we can reinforce the council’s commitment to creating new and affordable homes, at a time when the private sector is struggling to do so.
The scheme is due to run for five years with a mid-term review. The Council will be supporting the delivery of housing with between £1.5m and £3m of council resources, which may include a small number of housing sites.
WDH will make a similar revenue contribution.
Kevin Dodd, WDH chief executive said: “A strong partnership between us and the council is very important for not only delivering much needed new homes in the district but also in supporting the local economy.”