A HOUSING association is to spend £20 million to build nearly 100 new affordable homes in London Road.
Affinity Sutton will redevelop disused Bedford House, in West Croydon, to create 99 apartments.
The affordable rent homes will include 22 one-bed, 24 two-bed, 15 three-bed and three four-bed apartments.
There will also be 14 one-bed and 21 two-bed homes for shared ownership accommodation.
Councillor Jason Perry said: "This substantial investment Affinity Sutton unlocks a commercial site that had been dilapidated for a few years and had a blighting effect on London Road.
"Their investment also signifies resounding confidence in the regeneration of London Road."
Phil Griffiths, regional development director at Affinity Sutton, said: "We are very pleased to have this opportunity to work with Croydon to provide much needed affordable homes for residents.
"The development will positively contribute to the on-going regeneration of the town."
The housing association's investment follows the promise of investment in London Road as part of the West Croydon Investment Programme.
The fund was set up following the August 2011 riots and includes new pavements and highway improvements around West Croydon railway station, as well as an enterprise hub and job creation schemes.
However, 21 months since the disorder, the majority of the programme has yet to be implemented.
Last week the Advertiser revealed that work at the half-finished IYLO tower, a block of private flats on the junction of Wellesley Road and St James's Road, will restart after the owner struck a deal which will see him pay £2 million towards building affordable homes elsewhere in the borough, £900,000 less than the original Section 106 agreement signed in 2007.
