The major project will transform the outdated Myatt's Field North council estate into a state-of-the-art community housing scheme.
The scheme will include:
- 305 new homes for some existing residents
- modernisation and refurbishment of 172 existing homes
- replacement landscaped park and sports facilities
- new community centre
- 146 new affordable homes
- 357 new homes for sale
- new streets and green spaces
- combined heat and power plant providing heat and hot water
- refurbishment of commercial units
The deadline for those wanting to comment on the planning application is 10 May.
Dorian Leatham, Lambeth Council's Executive Director of Housing and Regeneration, said: "This regeneration project heralds a fantastic opportunity for people living on the estate. Not only will they benefit from new or refurbished homes, they will also be able to enjoy new community facilities that will help to strengthen the already thriving community spirit that exits there."
(CD/GK)