Jones Homes is investing £435,000 in infrastructure for Preston as part of its 48-home Ribbleswood Chase development in Cottam.
As part of its planning agreement for the development in Hoyles Lane, Jones Homes has contributed £137,551 towards an East-West link road to ease traffic congestion. A further £297,837 has been paid as a Community Infrastructure Levy to fund further improvements to local services.
The 48 new homes at Ribbleswood Chase include a proportion of discounted homes for local first-time buyers who meet criteria set by the local authority.
With bungalows, apartments and two to five-bedroom houses available, the development is encouraging a diverse range of people to come together and form a new community. There will be a green open spaces and a footpath and cycle path to encourage sustainable transport.
Carol Barlow, Sales Director for Jones Homes Lancashire, said: "Ribbleswood Chase is well on its way to becoming an established part of the community.
"The development will enhance the local area, providing a range of homes to suit the needs of local people. It is proving popular with local people, as well as those from further afield.
"We hope our financial contributions will have a substantial positive impact on Preston for existing residents and those moving into the area."
Homes at Ribbleswood Chase currently range from £209,995 for a two-bedroom bungalow to £375,495 for a four-bedroom detached house. A number of specially discounted homes have already been snapped up and move into. Additional two-and three bedroom houses and two-bedroom apartments are still to be released for sale at 80 per cent of market value as part of the affordable housing provision.
The development is open from 11am to 5:30pm daily. To find out more, call 01772 364301 or see jones-homes.co.uk.