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The scheme, partly funded by the Homes and Communities Agency, will see the building of 768 new homes by 2015. The developments will include family homes, bungalows for older people as well as properties for private sale and for social rent.
Businesses and jobseekers are set to benefit from the scheme which is expected to generate more than £70 million worth of construction work and create hundreds of new jobs with local employers.
The three developers have signed construction pledges to work with local suppliers and the council’s Think Local and ‘Find It In Sandwell’ initiatives which will boost employment and help people in the trades.
Councillor Simon Hackett, cabinet member for housing, said: “We’re pleased to announce partners who will help turn our vision for the future of housing in Sandwell into reality.
“We’ll be providing residents with an excellent range of affordable homes for local people to buy, part-own and rent and consult with local people about the new homes we plan to build.”
Assad Hamed, area manager for the Homes and Communities Agency, said: “We know through working closely with Sandwell Council that increasing the supply of affordable homes in the borough is a big priority and we are pleased our investment is supporting this.
“Getting all three schemes up and running will be a major boost for local communities in Sandwell as they will see lots of activity happening across the borough and will benefit from the impact of local jobs and economic growth.”