Labour-run Bristol City Council is set to create its own housing company.
The proposals will be considered at tonight’s Cabinet meeting, where Mayor Marvin Rees will give his final go-ahead for creation of the company.
The aim of the company is to help increase the number of homes built in the city, as Labour continues to work to surpass its manifesto commitment for Bristol to be building 2000 homes a year by 2020, 800 of which should be affordable.
The arms length company will allow the council greater control over where homes are built and strengthen its ability to increase the number of affordable properties being developed. Sites developed by the company would comply with all council planning policies, including affordable housing and environmental commitments.
It will also create an extra income stream for the council, allowing it to reinvest in more housing projects, at a time when austerity is continuing and the impacts of Brexit are likely to further reduce the amount of money the council has to spend.
Commenting ahead of the cabinet meeting, Mayor Rees said: “Good quality housing can contribute to the overall health and wellbeing of people in Bristol. We are committed to getting things done and have big ambitions for Bristol.
“Building quality housing is vital to making things happen in the city and improving the quality of life for the people who live here.
“If the housing company is given the green light, it could help to speed up the development of housing and create mixed communities where people want to live and work.”
Two sites have been identified as initial projects for the company: Romney House, a former school site, in Lockleaze (where outline planning permission for 268 homes was secured in July) and land at the Baltic Wharf Caravan Club on Cumberland Road.