Liverpool City Council’s new ethical housing company could build its first 120 homes on a plot in North Liverpool.
Land has been identified for the first wave of properties by Foundations, including some homes for foster carers and the elderly.
A report to be considered at today’s (25 May) cabinet meeting highlights a plot between Denford Road, Ackers Hall Avenue and Dunchurch Road in the Yew Tree area of the city as having good potential for residential development.
Formerly a council-owned housing estate, the land has historically been cleared and left vacant.
The site, which is located in a primarily residential area, contains a small park and associated area of green space which the local authority says will be excluded from the development site. It’s proposed that the design phase will consider how they can be enhanced through the scheme.
Mayor of Liverpool Joe Anderson says: “This site in Yew Tree is the first of a number of sites that Foundations will be developing in its first two years of operation, breathing new life into communities all across the city and providing quality, affordable homes for people with many differing needs.
“A lot of work has been going on behind the scenes to get Foundations up and running and the recruitment of the team has already begun with a new chief operating officer and chairman to be announced next week and we will be announcing more sites in areas of Liverpool, from Dingle to Speke, in the near future with the aim of delivering 2,000 homes by the end of 2020.
“I expect to see a lot of activity as the team beds in and plans develop. Foundations is going to transform Liverpool’s housing market and on top of it all it will provide a much needed boost to our council tax revenues.”
Foundations was formerly established in January and aims to deliver 10,000 new homes over the coming decade for the homeless, foster carers, large families, elderly and people with disabilities.
Earmarked as a £500 million programme, Foundations will see the profits of house sales and rentals returned to the council – the only shareholder in the company – with a percentage invested in new stock.