Sovereign Housing Association and Basingstoke and Deane Borough Council have combined their land in order to build 12 new homes at the site in May Street.
In June, the council agreed to transfer their land surrounding the garages at the corner of Lower Brook Street and May Street to Sovereign.
Demolition work has started and representatives from Sovereign and the borough council attended site to meet development contractor, E G Carter & Co Ltd, and see the transformation get underway.
Luke Bingham, Divisional Director, Sovereign said: “We’re really pleased to be working with Basingstoke and Deane Borough Council on this exciting development in the centre of the town. Only by working together has this development been possible.
“I’m looking forward to seeing the transformation take place and welcoming residents into their new homes next year.”
On completion eight two-bedroom homes and four one-bedroom flats will provide much needed affordable homes for the borough’s residents, with four of the homes offering a first step on the property ladder for sale through shared ownership.
The council’s Deputy Leader Cllr Terri Reid said: “I am delighted that by working together with Sovereign we are able to provide more affordable homes in the town centre, including homes to help people get the first step on the property ladder.”
The May Street development received planning permission in March 2017, with the transfer of the council’s land having taken place on Wednesday 28 June.
Completion of the 12 new homes is expected in summer 2018.
Left to right - Mathew Vye, Housing Manager, E G Carter & Co Ltd. Luke Bingham, Divisional Director, Sovereign. Deputy Leader, Cllr Terri Reid