Cardiff council plans to build 1,500 homes across the city in an investment of up to £33 million.
The project, called the Housing Partnership Project, will deliver mixed tenure homes across over 40 sites over the next 10 years. It will be delivered in three phases, the first starting in 2015. The council says 40 per cent of the homes with be social rented and low cost homes - equating to 600 homes.
Property adviser GVA has been working with Cardiff council on the plans.
Lynda Thorne, cabinet member for communities, housing and neighbourhood renewal for Cardiff, said: ‘Like many cities across the UK, Cardiff faces a challenging housing market. The delivery of the Housing Partnership Project is a key priority for the council and is aimed at tackling housing demand and need. The project will deliver affordable, sustainable and energy efficient homes, meeting high design and energy standards, in areas where they are most needed.’
The investment will be provided through the council’s housing revenue account and is earmarked for affordable housing and regeneration work. A development partner is currently being sought to deliver the plans.