A committee of Brighton and Hove councillors have unanimously voted through the biggest housing scheme for a generation.
The £100 million scheme is a joint venture with housing association Hyde and is intended to deliver at least 1,000 affordable homes.
Work will continue to ensure that they are within financial reach of working people who may be earning just a living wage and who would struggle to rent or buy homes currently termed affordable.
The joint venture has taken months to agree, including two marathon meetings of the Brighton and Hove City Council Housing and New Homes Committee.
The deal was finally agreed this evening (Thursday 8 December) at the council’s Policy, Resources and Growth Committee at Hove Town Hall.
The council and Hyde will invest more than £50 million each.
Council leader Warren Morgan, who also chairs the Policy, Resources and Growth Committee, said: “Today Brighton and Hove City Council decided to build over a thousand new and truly affordable homes for people in Brighton and Hove who need them, in partnership with Hyde Housing.
“This is the biggest commitment on housing in the city for a generation.
“We are delighted the ‘Living Wage Joint Venture’ proposal has been accepted by Policy, Resources and Growth Committee.
“It is good news for the city’s residents struggling to find affordable homes to rent or buy. The proposal will deliver decent and genuinely affordable homes for local residents and create a significant number of jobs and apprenticeships. All parties agree that there is a significant and pressing need for genuinely affordable homes for local people in this city.”
Hyde development director Tom Shaw said: “We are delighted that after nearly a year of detailed discussions the joint venture has been approved with unanimous cross party support.
“This innovative project will make living and owning a decent home a reality for hundreds of Brighton and Hove residents earning the national living wage.
“The hard work of delivering the joint venture begins now.”