A new £33.5 million housing development will see more than 200 homes built across a four and half year period.
United Living Group, a infrastructure, housing and property service, secured the multi-million pound contract to deliver new residential homes in Milestone Road, Carterton.
The development will see more than 200 homes constructed during the next four and a half years, with a mix of two, three and four bedroom houses and apartments available across the shared ownership, rent to buy, affordable rent and social rent space.
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The developer has said the scheme will ‘significantly benefit’ the local community by providing affordable housing and further extending the area’s housing supply.
As part of its statutory section 106 payment, the developer will make a £1.2 million payment to Oxfordshire County Council £600,000 to West Oxfordshire District Council.
Section 106 agreements are legal agreements between local authorities and developers, linked to planning permissions.
The agreements are drafted when it is considered a development will have significant impacts on the local area which cannot be moderated by the planning decision, such as increased social and physical pressure.
The agreement aims to balance the pressure created by the new development with improvements to the surrounding area, ensuring where possible the development makes a positive contribution to the local community.
United Living Group was awarded the contract by Platform Housing Group, one of the largest affordable housing developers in the Midlands.
The infrastructure, housing and property service has already undertook a development in Witney for Platform Housing Group.
Caroline Lewis, managing director of United Living New Homes, said: “We are delighted to work in partnership with Platform Housing Group to provide Carterton and the wider area with sustainably built, high quality affordable housing.
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“The company is proud to be investing into the community of Carterton through the provision of affordable housing and hopes that this project will allow local families to gain a footstep onto the housing ladder, further contributing to the redevelopment of the area.”
Gerraint Oakley, executive director of growth and development at Platform Housing Group, said: “I look forward to working with our partners United Living on delivering what will be an outstanding development for the area.
“The size and location of the site is significant for us as we strive to provide more high quality yet affordable homes for our customers. At Platform Housing Group we pride ourselves on the work we do with people after the homes are complete and look forward to supporting the families and wider community around Carterton that will benefit from this project.”
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This story was written by Sophie Perry. She joined the team in 2021 as a digital reporter.
You can get in touch with her by emailing: sophie.perry@newsquest.co.uk
Follow her on Twitter @itssophieperry
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