Exciting new housing development for Woking approved
18 April 2013
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The Council's Planning Committee, at its meeting on Tuesday 16 April 2013, approved a planning application by Evolution to build 371 new homes on land north of Moor Lane, Westfield.
The site, commonly known as the Moor Lane housing development, will be developed by Evolution, a consortium between Kier Project Investment and Thames Valley Housing, to create 371 family homes, of which 224 will be affordable, with the remaining 147 homes for private sale.
Cllr David Bittleston, Chair of Woking Borough Council's PFI Project Board, said: "The shortage of affordable homes in the area means Woking Borough is one of the most expensive areas to live outside of London. With planning approval, work will start shortly on providing these 371 much-needed family homes at no capital cost to Woking Council Tax payers. The 224 affordable homes will assist local families now and future generations to come."
The total development cost will be around £80 million, with the affordable homes delivered through a Private Finance Initiative (PFI), supported by a Central Government subsidy of around £40.5 million. Kier Project Investment will construct all of the properties and Thames Valley Housing will manage and maintain the affordable housing.
With Planning Committee approval for the main site, the road widening works will commence immediately, with construction work to provide the new homes beginning later this year.