Southwark Council plans to provide 360 new council homes, more than any other local authority in England.
These new homes will be owned and managed by the council for residents on its housing waiting list.
Cllr Helen Dennis, cabinet member for new homes and sustainable development, said: “At a time when councils face major challenges in providing more council homes, and many developments across England have stalled, we are proud to be forging ahead with ambitious plans to build hundreds more high-quality homes.
“We expect to provide at least 60% affordable housing across all of the developments, with high quality new council homes at the heart of what we have negotiated.
“I look forward to working with our new partners, Wates and Mount Anvil, supported by the GLA to deliver on these ambitious plans. And as we seek to respond to the Housing Crisis, local residents will be engaged every step of the way.”
Wates Residential will develop four sites: Wickway (Gloucester Grove Estate), Bells Gardens Estate and Lindley Estate in Peckham and Wyndham Road in Camberwell. They will build at least 343 homes across these four sites, which will be 100% affordable, including at least 131 council homes.
Mount Anvil will also develop four sites; Seven Islands Leisure Centre and Red Lion Boys Club in Rotherhithe, 1-36 Priter Road and Beormund School in Bermondsey. They will build at least 786 homes, with at least 50% of these homes being affordable, including at least 229 council homes.
There are already 3,000 council homes completed or under construction in Southwark.
Tom Copley, deputy mayor for housing and residential development, said: “We’re pleased to support Southwark Council’s record delivery of thousands of affordable, high-quality and sustainable council homes.
“Backed with grant funding from City Hall, these homes will make a huge difference to the lives of Londoners in the borough, as we continue to build a better and fairer London for all.”