The partnership will develop both affordable and private housing for rent in the north of Enfield, paving the way for new jobs and employment opportunities in the trades.
Funding has been raised for the development through Enfield Innovations Limited, a newly formed company wholly owned by Enfield Council, which enables the council to retain the private rental properties.
Kier will build new homes on seven small sites across the borough. On six of these the original council-owned bedsits were no longer fit for purpose and a seventh site was a disused garage.
The new development of 94 new residential homes comprises 37 affordable homes (20 social for rent; 17 for shared ownership) and 57 private rented homes.
The land, which has now been cleared, is being prepared to build a mix of one, two, three and four-bedroom homes, all within three miles of the town centre. Building work will start on the first two sites in December.
The design and specification of the properties has been agreed by the partnership, with the affordable housing retained by the council.
To speed up construction and reduce disruption to local residents, an off-site construction method will be used to provide houses that are more environmentally friendly and meet a high level of the Code for Sustainable Homes.
Kier Property director, Phillippa Prongue, said: “We are delighted to be working with Enfield Council to deliver improved housing in the area. This is a highly innovative risk-sharing partnership agreement between the council and Kier Property to finance and build new housing, and we expect to see similarly bold initiatives from other local authorities as they look to follow Enfield’s lead in addressing the shortage of housing.”
Cllr Ahmet Oykener, Enfield Council’s cabinet member for housing and estate regeneration, said: “This approach is helping us to deal with an urgent need for quality housing for local people. The appointment of Kier Property as our chosen development partner to complete the small housing sites project ensures that we produce good council-owned property for the families that need it.”