Mount Anvil is now aiming to start construction work in March 2023 on what will be a 10-year redevelopment programme.
All Newlon residents will get a new home reprovided as part of the scheme with 46 overcrowded households all getting a new, larger, and more energy-efficient home of the correct size for their family.
Newlon and Mount Anvil have been working closely with residents for three years.
The estate is divided into “New Barnsbury”, made up of 371 homes built in the post-war period, and “Old Barnsbury”, comprising 275 homes built before the war.
Under the plans, New Barnsbury would be entirely demolished and replaced with 914 new homes, while Old Barnsbury would be retrofitted with new insulation, kitchens and bathrooms.
Killian Hurley, CEO of Mount Anvil said: “We’re truly delighted to be delivering more quality, affordable homes with our partners, Newlon, supported by Islington Council and our funders at the GLA.
“We’ve been working hard: listening, learning and co-designing with Barnsbury residents a cleaner, greener, healthier and more sustainable community which everyone can be proud of.”