Cabinet will next week consider the capital programme investment as part of the Housing Revenue Account (HRA) Business Plan to fund development schemes across the city - and it will then go forward for review at a meeting of Full Council.
The current on site schemes will deliver around 100 new homes to be allocated to local residents during the first year.
As well as the money set aside for new-build development, the capital programme for 2026/2027 to 2030/31 also includes £90million for estate remodelling to continue the redevelopment at New Park Village and the citywide Non-Traditional Regeneration Programme, which includes replacing out-dated properties.
More than £100million is to be made available for improvements to high-rise estates for renewal of mechanical, electrical and plumbing infrastructure, along with fire safety improvements, while over £106million will be used to raise the internal standards of properties, including refurbishment of void properties.
Alongside the HRA capital funding, council homes will be delivered utilising grant opportunities where appropriate, such as £9million secured via grant funding from Homes England and a further £19.7million as part of the council’s portfolio partnership with Homes England, plus £6.1 million from the West Midlands Combined Authority’s Social Housing Accelerator Fund.
Councillor Steve Evans, Deputy Leader and Cabinet Member for City Housing, said: “There is a growing demand for affordable housing nationally, regionally and locally - the council’s housing waiting list has seen an increase in registered housing applications.
“Our ambitious housing capital programme and success in securing additional grant funding, shows our determination to provide local residents with new and better homes for affordable rent, while continuing to invest in existing housing stock and improving and redeveloping housing estates across the city.
“We have major plans on site or planned across Wolverhampton, delivering better connected communities where people can enjoy brighter futures.
“Of course, these plans are set against the backdrop of increasing pressures on the HRA year on year and without national reform of the HRA system delivering medium and longer-term objectives is going to be very challenging, which is why England’s 20 largest council landlords, including City of Wolverhampton Council, have collectively developed proposals on national financing and policy, to stabilise HRAs and enable them to operate efficiently and effectively.”
Demolition of the first phase of four maisonette blocks at New Park Village has been completed with a phased programme underway to replace 205 out-dated properties with 188 new two, three and four-bedroom, highly energy-efficient, homes for rent. The first bungalows on Longford Road are close to completion.
The first of 99 new energy efficient council bungalows homes have been completed as part of a scheme to replace 93 post-war prefabs on the Lincoln Green Estate in Bushbury.
Demolition of the ageing bungalows is simultaneously taking place across the estate on Alleston Road, Alleston Walk, Grosvenor Road, Grosvenor Crescent, Lincoln Green, School Lane, and Wood Lane.
The first phase will see 36 new bungalows built for the local community by summer 2026.
The Heath Town estate refurbishment managed by Wolverhampton Homes is due for completion in 2027 with a budget of £4.8million.
Works have seen new windows and external wall insulation works, structural repairs and safety enhancements to existing stock.
There is also provision to complete the district heating upgrade which will see the new low carbon energy centre commissioned in Spring 2026, providing more efficient and cost-effective heating to connected properties. The council has been awarded £7.5million via the Government’s Heat Network Efficiency Scheme to fund these works.
