The Government has confirmed compulsory purchase orders made by Oldham Council as part of the Oldham Rochdale Housing Market Renewal Pathfinder.
The approval covers all outstanding land, residential and business properties in the Derker and Werneth/Freehold first phase CPO areas of Oldham.
The properties purchased using CPOs will be cleared to make room for homes for sale, rent and shared ownership. The confirmed CPOs affect 90 residential and 12 commercial properties. They do not include 346 houses that were in Oldham Council's original CPO application but have since been excluded because the council has already purchased them from their owners on a voluntary basis.
Cllr Dave Hibbert, Oldham Council's cabinet member for environment and regeneration, said: "The Government has confirmed the council's compulsory purchase orders for specific properties and land in Derker and Werneth/Freehold. This decision means we can now move forward with plans to increase the choice of new homes to make the neighbourhoods more attractive and change people's perceptions of these areas."
The Pathfinder is working with four developers: Keepmoat, Gleeson Regeneration, Base and Bellway.
So far, the HMRI has levered in £76m of direct private investment, £50m of complementary non-housing public investment and £17m of other public sector funding.
The Pathfinder has assembled 30 acres, remediated over 12 acres of previously contaminated land and completed the construction of 344 new homes. A further 2,300 new homes will be built over the next three years.
The first completed scheme at Selwyn Street in Oldham won the CABE Building for Life Gold Standard Award, while two Rochdale schemes won National Housing Design Awards in 2007.