The proposals put forward by Aviva Life and Pensions Ltd feature properties with a mixture of tenures, including 35% available at sub-market rates.
The development will comprise 116 sub-market units, with 55 available at London affordable rent levels and 61 available for shared ownership.
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The scheme will also include children’s play space, communal areas, landscaped courtyards and roof terraces.
Pat Hayes, managing director at Be First – Barking and Dagenham Council’s regeneration company – said: “By giving the green light to these plans we’re making sure affordable homes are made in Dagenham.”