Plans for 450 new council homes on the edge of Cardiff city centre will take another step forward a report to Cardiff Council's Cabinet reveals.
The Dumballs Road regeneration scheme aims to deliver 2,000 new homes on a 40-acre brownfield site in the city with 450 of those homes to be council owned.
The majority of the regeneration site, which runs down alongside the river Taff towards the bay from Penarth Road, is owned by property developers Vastint. The council owns 8.5 acres of land on the site.
The Council is proposing to sell its land holding to Vastint to enable the new council homes to be integrated into a comprehensive mixed use scheme distributed right across the site.
Cllr Russell Goodway, Cabinet Member for Investment and Development said:
“At this stage of the process, I am asking my Cabinet colleagues for permission to work with the developer to agree Heads of Terms Agreement to establish the working relationship and our expectations of this development. Once this is agreed in principle, a further report will be brought to Cabinet to seek permission to proceed with the land sale.”
The Dumballs Road site is of strategic importance to the Council, as the redevelopment and improvements to the river corridor will significantly improve the link between the city centre and Cardiff Bay.
A planning application is expected to be brought forward for the site in spring 2020. If permission is granted, the build programme is scheduled to start in the summer 2021.
Cllr Lynda Thorne, Cabinet Member for Housing and Communities said:
“We have set up the largest council-house building programme in Wales. This Council aims to deliver 2,000 new council homes in the city and we want 1,000 of those to be ready by 2022. This scheme shows how innovative we are willing to be, working with private sector partners and developers, in order to deliver on that ambitious target.”