The Isle of Wight Council says a plan for housing on the greenfield site known as Crossways in East Cowes is an example of “recognising the importance of investing in the Island.”
The local authority is working with mainland investment firm PSP through a partnership called iWight Developments on it and a number of projects.
It says the idea is to invest money from council sources and from external investors in housing schemes, to provide future income and affordable homes.
As Isle of Wight Radio previously reported, a plan for houses on the farm field off Beatrice Avenue in East Cowes has been slammed by some locals.
In a statement, the local authority insists that all developments, including those supported by the Isle of Wight Council, are subject to the same planning process. It says applications from the council are always determined by elected councillors on the planning committee, and never by officers under delegated powers.
Cabinet Member for Planning and Housing Councillor Barry Abraham said:
“This council is determined to bring forward good quality and flexible housing schemes to provide homes for those who need them on the island. But all such proposals will need to pass through the same process as any other, and there is no question of any short cuts being taken.”