Developer Durkan has signed an agreement with Southern Housing Group to build 354 new homes at the housing association's Britannia Music Site on Chapel Road.
The contract will see around 30% of the housing being made either 'affordable' or shared ownership properties.
Alan Townshend, Group Development Director at Southern Housing Group, said: "We're delighted to partner with Durkan to bring about positive change in Redbridge and deliver much-needed affordable, quality and well-designed homes in this thriving part of London, with excellent transport links and local amenities."
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Danny Durkan, Executive Chairman at Durkan, added: "We're very conscious of delivering a broad mix of affordable housing options for people looking to rent or own property in London and the Home Counties.
"Our priority is making sure our development partners, like Southern Housing Group, are able to deliver on their commitments and provide long-term value to the communities they operate in."
(LM)
