PLANS to build hundreds of new homes have moved a step closer after a developer was chosen to front the project.

Last year Lewisham Council announced around 1,250 new homes will be built on the Heathbridge and Lethbridge estates in Lewisham by 2010.

Now the Family Housing Association has seen off more than 50 competitors to win the right to oversee the development.

Up to 470 of the homes will be reserved for current residents who want to stay in the area.

The rest will be available for rent, shared ownership and private sale.

Cabinet member for regeneration Councillor Gavin Moore says the council is "committed to improving the standard of council properties".

He added: "This is an exciting time and I look forward to seeing the dynamic changes to the area."