£118m investment planned for new city housing

City of Wolverhampton Council is set to invest more than £118m in new homes over the next five years.A report going before the council’s cabinet next Wednesday will ask for approval through the Housing Revenue Account Business Plan to fund development schemes across the city.As well as £118.7m set aside for new build development, the capital programme for 2022/2023 to 2026/27 also includes £42.6m for estate remodelling, such as New Park Village, £50.4m to complete the refurbishment of the Heath Town estate, and £79.8m for improvements to high rise estates such as fire safety, infrastructure replacement, retrofitting of sprinklers and external works.The plan also includes £4.5m for the refurbishment of Bond House, a council owned city centre commercial building that will be converted into 34 units of supported accommodation and services for single people with a history of rough sleeping and homelessness.