Wates Living Space will work on 700 homes in Oldham after a PFI contract was signed yesterday.
Oldham Council signed a 25-year contract with the Inspiral Oldham Consortium, which consists of Regenter, Wates Living Space and Great Places Housing Group.
The deal will see around 700 homes being built or refurbished over three years on the Crossley and Primrose Bank estates as well as on brownfield sites at Westwood and Fitton Hill.
The government approved £113 million to fund the capital costs of the housing developments.
Most of the properties will be available to rent through the Choice Based Lettings Scheme operated for the council by First Choice Homes Oldham. These properties will be managed by Great Places Housing Group and maintained by Wates Living Space.
Homes will be made available for sale on two sites - Primrose Bank and Dew Way, Westwood - by Great Places subsidiary Plum Life.
Two purpose-built community centres will also be provided on the Crossley and Primrose Bank estates, and a retail space developed at Crossley.
Wates Living Space managing director Ian Burnett said: “We look forward to working with the consortium members not just to deliver much needed new and improved homes but to bring benefits to the whole community through investment and employment opportunities.”