Around 400 homes could be built or refurbished in the last phase of the council’s regeneration of Kings Crescent Estate in Stoke Newington – if new plans submitted this week are approved.
The proposals would see the council build 219 new homes, and 174 existing properties would be upgraded.
More than half of these homes are set to be for genuinely affordable social rent or shared ownership.
According to the council, the average rent for one of its two-bedroom homes for social rent is £97 per week – around five times less than in the private sector.
Town Hall officers and architects have spent nearly a year working with councillors and Kings Crescent residents on the designs, which will also bring improved public spaces, along with new play areas and community facilities.
The first phase of the scheme, completed in 2017, saw 273 new homes built and 101 existing homes refurbished with new balconies and winter gardens.
The project was named one of the top 50 new buildings in the UK by the Royal Institute of British Architects, as well as taking home the Mayor of London’s Prize at the New London Architecture Awards last year.
Mayor of Hackney Philip Glanville said: “The new and refurbished homes we’ve already built at Kings Crescent have won plaudits from around the world, but I’m most proud that new and existing families love them and are using the amazing public spaces.
“Our latest proposals aim to build on the successes of our work so far – with hundreds more stunning, high-quality homes, spaces for children to play and for the local community to come together.
“I’m proud that Hackney is building new, genuinely affordable council homes across our borough for the people that need them most.”
The council’s planning committee is expected to consider the application later this year.
If permission is granted, work is expected to start next year and be completed in 2023.