Bevan, who was responsible for housing when he was the UK’s first health secretary, is seen as the inspiration for much of the new programme
He once said: “We should try to introduce in our modern towns and villages housing where the doctor, the grocer, the butcher and the farm labourer all live in the same street…in the living tapestry of a mixed community.”
Labour says it will spend half of its £150 billion “social transformation fund” – borrowing which it would invest to repair the damage done by austerity – on house-building over five years.
Several charities and housing campaign groups praised the proposal as a potential “game-changer”.
Ahead of the manifesto launch, Corbyn said: “Housing should be for the many, not a speculation opportunity for dodgy landlords and the wealthy few.
“I am determined to create a society where working-class communities and young people have access to affordable, good-quality council and social homes.”
Labour proposes to build 100,000 council homes a year by the end of its first parliament, which it says is an increase of more than 3,500% compared with currently under the Tories.
Official housing statistics have shown more than one million households are on waiting lists for council housing.
A further 50,000 “genuinely affordable homes” would be built each year through housing associations by the end of the same period.
The party would scrap what it called the Conservatives’ “bogus” definition of affordable housing to replace it with one that is linked to local incomes instead.
The new generation of homes would be built to green standards in a bid to tackle the climate crisis, using the much-praised Goldsmith Street council development in Norwich as an inspiration.
Polly Neate, chief executive of the Shelter charity, said the plan would be “transformational for housing in this country”.
“A pledge to build social homes at this scale would, if implemented, do more than any other single measure to end the housing emergency and give new, affordable, safe homes to hundreds of thousands currently without one,” she added.
The National Housing Federation, which represents housing associations, hailed the proposals as “a real game-changer”.
Chief executive Kate Henderson said: “The housing crisis is having a disastrous effect on millions of people in England, and we need to build 145,000 new social homes every year if we are to end it. We can fix the housing crisis, and this is the level of investment that will be needed.”
The Chartered Institute of Housing welcomed the pledge, with chief executive Terrie Alafat saying: “We think the scale of Labour’s proposals are a welcome step in ending our housing crisis.”
But housing Secretary Robert Jenrick defended the Conservatives’ track-record.
“Under the Conservatives we’ve delivered 450,000 new affordable homes, increased housing supply to its highest level for almost 30 years and increased house-building by 93% in the last six years,” he said.
“After the last Labour government decimated social housing numbers we know there is more to do. This is why we’ve committed £9 billion to deliver a further quarter of a million more affordable new homes whilst continuing to build more homes – helping thousands more onto the property ladder.”