A £7.4m housing development is set to transform a derelict factory site in Oswaldtwistle after planners gave it the green light.
Great Places Housing Association, in partnership with MCI Developments, will build 53 new homes on the 1.3 hectare former John Wood Steel Drums site on Victoria Street.
The new homes, a mix of two, three and four-bedroom houses, will be made available for affordable rent – which cannot be any higher than 80 per cent of the market rent value.
The site has fallen into significant disrepair over the past decade and will regenerate the dilapidated location.
Helen Spencer, Director of Development at Great Places, said: “As an organisation, we are punching above our weight to help solve the housing crisis.
“There is a real need for new, quality affordable housing in Oswaldtwistle and this development will also go someway to transforming a blot on the landscape.
“Great Places is regenerating communities across the North West and South Yorkshire and with its excellent transport links and its proximity to the town centre we think this will be a very popular development with the people of Oswaldtwistle.”
Alex Wood, Regional Managing Director at MCI Developments added: “We’re delighted to be working in partnership with Great Places Housing Association on this new development and are pleased to have been granted planning permission by Hyndburn Borough Council to deliver 53 high quality new homes.”
Work on the development is expected to be completed by Spring 2021.