The Lendlease and Haringey Council development partnership is set to go before the Haringey Council cabinet on 3 July.
If approved, the Haringey Development Vehicle would be a 50/50 partnership between the two, and would build up to 6,400 new homes plus community facilities and improve the town centre.
Lendlease was chosen to partner with the council in February, but there have been protests by residents over the plans.
The council said the HDV is the only way the borough can deliver the homes it needs, but campaigners have labelled it an unprecedented privatisation of public land and assets.
Alan Strickland, council cabinet member for housing, regeneration and planning, said: “We know that too many people in Haringey live in poor quality homes, and that for many more the idea of ever owning or renting a decent home is a distant dream. We won’t stand for that. We also know that new homes must go hand-in-hand with better facilities, improved neighbourhoods and the best opportunities London has to offer.
“Government constraints on borrowing make it impossible for the council alone to deliver the scale of new homes and improvements that residents have made it clear they want to see. By teaming up with a partner, we can bring huge improvements to our borough and deliver real regeneration driven by the ambitions of local people.”
Haringey Council’s cabinet will consider a recommendation to enter into the HDV partnership with Lendlease at the cabinet meeting on 3 July.
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