Plans for 472 new homes on sites in Saltwell & Bensham, Deckham and Birtley in Gateshead have been submitted by Gateshead Regeneration Partnership (GRP).
The proposals are part of a 2,400 home, £350m scheme that aims to transform housing provision across the borough and breathe new life into local communities.
GRP comprises Gateshead Council, Home Group and FTSE 250 homebuilding and construction group, Galliford Try.
The collaboration is viewed as an innovative approach to addressing a chronic shortage of affordable housing, against a backdrop of a tough economy and limited available public funding.
The plans submitted by GRP include a detailed application for 103 homes to be built on a cleared site on Saltwell Road West in Bensham, along with outline proposals for an additional two nearby sites on Kelvin Grove and Hyde Park.
If planning is approved, 295 rundown properties will be demolished to make way for up to 261 new three and four bedroom homes.
A hybrid planning application, including detailed plans for an initial 50 homes and outline proposals for 195 homes in total, has also been submitted for a development of three, four and five bedroom homes off Mount Pleasant Road in Birtley.
The final application to be considered is for 16 new two and three bedroom homes on Avon Street in Deckham – all of which would provide social housing, managed by Home Group.
The project – one of the largest regeneration schemes in the UK - will address the demand for a greater variety of house types across the borough and bring much needed jobs.
In total, 2,400 brand new, high-quality sustainable homes will be built across 19 sites over the next 15-20 years. Around 25% of the homes built will be affordable or social housing with the remainder being privately owned.
All land for the scheme is being supplied by Gateshead Council with financial investment to develop the land provided by Galliford Try and Home Group. The project is the only one of its kind to bring together public and private sector organisations on an equal, profit-sharing basis and on a scale not previously seen before.
It has been almost 25 years since new, large-scale social housing developments were constructed in Gateshead - a situation mirrored in many other areas of the UK. An inadequate housing stock coupled with increased unemployment, rising private rents and difficulties in obtaining mortgages has resulted in 12,000 people waiting for social housing in Gateshead.
If approved by the council’s Planning and Development Committee, work on the new homes is expected to start in the summer.
A decision on the proposals is expected in summer 2013.