Hundreds of new council houses are expected to be built throughout Broxtowe over the next ten years, if plans are approved.
The scheme, which is expected to be approved by the new Labour-Liberal Democrat coalition at Broxtowe Borough Council, would see an initial £3.8 million set aside, although it is not yet known exactly where the houses will be.
Any new funding the council receives from the Right to Buy scheme – whereby tenants can buy their house back from the council – would also be spent.
Taking out loans “remains a potential source of funding”, the council has said.
Rather than build all the houses in one go, or in the same place, the borough council will aim for a ‘phased delivery plan’.
As well as building brand-new houses, the plan will involve buying back previous council houses and building on council-owned land.
A programme of renovating “under-used” housing will also be carried out, particularly for older residents.
A total of 230 new houses will be made available as part of the plan, which will be a mixture of newly-built and renovated properties.
A council report said: “Remodelling unpopular or low demand housing can provide opportunities to increase the density of homes on particular sites whilst providing good quality homes that people want to live in.
“Remodelling existing accommodation can lead to an increase in the number of units provided or can change the use of the accommodation to one that meets an identified housing need.
“Given the issues of low demand compared to supply, and the unsuitability of some of the current retirement living stock for most older people, it is recommended that some of the retirement living stock be de-designated.
“De-designated stock should then be assessed for the most appropriate future role, including being let as general needs accommodation.
“Remodelling existing independent living accommodation needs to be done sensitively in recognition of the vulnerability of existing tenants.
“Existing tenants will be offered alternative accommodation and consideration will be given to the availability of any new build properties for this purpose.”
A decision is set to be made by the council’s housing committee.
Ahead of the decision, a spokeswoman for the council said: “We do not know where the properties will be built or the type but these decisions will be based on identified housing need, together with development opportunities.
“If approved, many of the properties will be developed and managed by the council, with some being developed in partnership with registered providers.”