A new redevelopment programme in Haringey may jeopardise 15,000 homes and 508 businesses according to local campaign group Taxpayers Against Poverty. The group, who will send a letter of dissent to the Guardian newspaper today, are protesting a 50/50 partnership between Haringey Council and a private developer to regenerate over £2bn of council assets.

This comes as the council celebrate residents moving into four new council homes. Paul Nicolson from the campaign group told City News that the celebration was a “massive distraction” from the council’s plan. These homes are the first of thirty one council houses to be completed in the borough in as many years. Levels of homelessness in Haringey are the highest in the UK, and 10,000 households are currently waiting for council homes to become available. According to Haringey council, only 10% of those on the housing register will ever be given permanent accommodation.

Campaigners from Taxpayers Against Poverty say the redevelopment project will demolish seven housing estates near Tottenham Hotspur stadium, and leave poorer residents unable to secure alternative housing – council leaders are promising that 40% of new homes will be affordable.

There’s also concern about the private company, Landlease, which the council is partnering up with. Speaking to City News, Phil Rose, chair of Haringey Momentum, called the company “fraudsters” referring to their previous involvement in a similar housing project with Southwark Council in 2012.

A protest march is planned during a council cabinet meeting on Valentine’s Day next week.