Led by Havering Council and Wates Residential, the project aims to double the amount of council rented accommodation and more than double the number of affordable homes with around 5,200 high quality homes over the next 12 to 15 years.
Demolition has commenced on the first of 12 sites, which will see Napier and New Plymouth House redeveloped to make way for 126 affordable homes and a further 71 homes for private sale.
Local contractor Kilnbridge Construction Services is delivering the demolition work.
Kate Ives, Development Director for Wates Residential, said: "With demolition now underway on our first site, we are one step closer to providing the thousands of new and affordable homes that Havering needs.
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"Working with local businesses is particularly important for us and we are delighted that Kilnbridge Construction Services has been appointed to carry out the demolition. As our long-term partnership with Havering Council progresses, we will continue to increase opportunities for residents and local businesses through our investment in education, training and skills."
Councillor Damian White, Leader of Havering Council, added: "Today marks a new and exciting chapter in the future of Havering and the Council's commitment to double the amount of council rented accommodation and more than doubling the number of affordable homes for local people, including former residents, who will get the right to return to a brand new home.
"We are ensuring that this investment in the borough goes much further than just creating new homes; through our supply chain initiative, Meet the Buyer events, training opportunities and apprenticeships, we can make sure the project benefits as many businesses and residents of Havering as possible."
(CM/JG)
