Haringey Council has acquired 21 new council homes in Wood Green, bolstering its commitment to increasing housing stock and providing affordable homes for residents in need.
The decision, approved by Councillor Tammy Hymas, Cabinet Member for Housing and Co-Deputy Leader, saw the acquisition of 21 newly constructed homes at 76 Mayes Road, Wood Green, N22 6SY. This move is part of the council's pledge to build 3,000 council homes by 2031, as outlined in A New Housing Strategy for Haringey 2024-29
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The acquisition involved entering into an Agreement for Sale with Weston Homes PLC and accepting 21 separate leases. Funding for the purchase will be partially provided by the Greater London Authority's (GLA) Council Housing Acquisition Programme, with the Council Housing Revenue Account (HRA) utilising borrowings to part-fund the acquisition. No Right to Buy receipts or funding from the Council's General Fund will be used.
With 13,000 households currently on the council's housing register, these new homes will offer secure, well-constructed, and affordable housing. The properties are located near the amenities of Wood Green High Street and have been completed to a private market specification, which is of a higher standard than the council's typical specification for affordable homes. The acquired homes will be let at Social Rent levels.
The development is expected to deliver improvements beyond Building Regulations (relevant at the time of planning approval) through enhanced energy efficiency standards in the residential element. A S73 application predicted a reduction of CO2 emissions of approximately 87% compared to the Baseline development (Part L 2013 compliant). The potential to connect to a District Energy Network (DEN) has been secured via a S106 obligation, and photovoltaic (PV) panels have been installed, contributing to the council's carbon and climate change goals.
The alternative option of not acquiring the homes was rejected as it would represent a missed opportunity to support the council's housing targets and address the borough's growing housing needs.
The acquisition aligns with the council's established programme, aiming to increase the supply of modern, sustainable homes, reduce reliance on temporary accommodation, and deliver General Fund cost savings. The development is also expected to contribute to carbon and climate change goals through improved energy efficiency standards.
This decision was formally documented in the Decisions 07th Aug 2026 15.30 Cabinet Member Signing report.
