Subject to planning consent, the scheme on Harrow Lane will deliver a mix of one- to four-bedroom apartments, all of which will be made available for either affordable rent or shared ownership.
The developer will construct the homes off-site using modular methods.
Once completed, the homes and complementing open spaces will be managed by a national registered provider of affordable homes.
A reserved matters application will be submitted to the local council in November, with Ilke Homes aiming to commence on site by autumn 2022.
Practical completion of the first homes will follow from spring 2023 onwards.
This is the fourteenth Ilke homes has secured to deliver as part of its turnkey offering – by which it acquires land, gains planning permission, manufactures the homes and develops the site.
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Tom Heathcote, executive director of development at Ilke Homes, said: “Ilke Homes is increasingly becoming a partner of choice for local authorities looking to scale up the delivery of energy-efficient, affordable housing, and this deal is testament to that.
“Our accredited modular methods of delivery will ensure that these homes help Hastings Borough Council meet carbon reduction targets while simultaneously delivering well in excess of the 40% policy-compliant provision of affordable housing required by the outline planning permission.
“We look forward to working with both local planning officials and other stakeholders to finalise plans for what will be a truly well-designed community that will be providing much-needed affordable housing for the area.”
Cllr Andy Batsford, lead councillor for housing at Hastings Borough Council, commented: “With land owned by the council available for housing and development in short supply, it was essential that we found like-minded partners who can deliver the type of homes we as a town desperately need, namely truly affordable ones.
“We are really excited to see a new provider in town delivering just that, including 70 affordable rented homes which will be allocated to our local people and families on the housing list who will be able to move into energy-efficient, modern and well-designed secure homes.
“Hastings Borough Council is determined to deliver on its promise of 500 affordable rented homes and this is a great start and look forward to seeing those Hastings families move in very soon.”