The regeneration of West Croydon has received a welcome boost with more than £20m being invested in the area.
Croydon Council and Affinity Sutton housing association plan to create just under 100 new affordable homes in London Road, Croydon.
Families, couples and single people will be able to move into the new apartments for affordable rent and shared ownership.
Affinity Sutton is investing in the redevelopment of disused commercial site, Bedford House, at the junction with Bensham Lane, to provide the homes. Building is due to start this summer.
The homes will comprise 22 one-bed, 24 two-bed, 15 three-bed and three four-bed apartments. There will be 14 one-bed and 21 two-bed homes for shared ownership accommodation.
Cabinet member for planning, regeneration and transport, Councillor Jason Perry said: "This substantial investment by Affinity Sutton unlocks a commercial site that had been dilapidated for a few years and had a blighting effect on London Road. Their investment also signifies resounding confidence in the regeneration of London Road."
Phil Griffiths, regional development director of Affinity Sutton said: "We are very pleased to have this opportunity to work with Croydon to provide much needed affordable homes for residents of Croydon. The development will positively contribute to the ongoing regeneration of the town."