The scheme is set to provide a major boost to the local economy, creating employment and training opportunities for local people over the next eight years.
Working in partnership with Leeds City Council and Strata, housing and community regeneration specialist, Keepmoat, will redevelop 13 sites in the Seacroft, Halton Moor and Osmandthorpe areas of Leeds.
As a major landowner in the city, the council has committed to ensuring development takes place on brownfield land first. Currently, around 70% of all new homes in Leeds are being delivered on brownfield sites.
Ian Hoad, operations director for Keepmoat in Yorkshire, said: “We are actively expanding our presence in West Yorkshire, where we see a real appetite for new homes.
“With 95% of our developments built on brownfield land we are perfectly placed to deliver this scheme and we’re thrilled to have been selected as chosen developer alongside Strata.
“Working in partnership with Strata will allow us to accelerate the delivery of these new homes, with the target of achieving 150 properties per annum.
“We aren’t just taking one development in one part of the region. We are completely overhauling three neighbourhoods and potentially putting nearly 1,000 people in the region on the property ladder.”
Leeds City Council’s executive member for regeneration, transport and planning, cllr Richard Lewis, said: “With a clear focus on redeveloping brownfield land first we can lead the way in ensuring important new housing in Leeds is delivered.
“Using council land in a planned and co-ordinated way like this allows us to work with partners such as Keepmoat, Strata and others so that there is a supply of suitable, affordable, quality homes that meets Leeds’ need now and in the future.”
Work is due to start on site in early 2017 and Keepmoat urges anybody looking to find out more to register their interest online.