Housing association Aster Group has announced plans to will deliver 409 new affordable homes across seven sites in a £1.15bn investment programme in Oxfordshire.
The developer has agreed eight new Section 106 agreements across seven sites where it will build and manage 217 homes for affordable rent, 19 for social rent and 173 shared ownership properties. The schemes will comprise of:
- 104 affordable homes at Burford Road in Witney and 33 units at Field Close in Southmoor, both with David Wilson Homes
- 95 new homes at the 3,300-unit site it is developing with Taylor Wimpey at the Great Western Park development in Didcot. This is in addition to the 131 units announced last year with Taylor Wimpey and Miller Homes at the development.
- Taylor Wimpey will also deliver 24 homes at Longcot Road in Thames Field for Aster
- The housing association has exchanged contracts with Bellway to deliver 83 homes at the Station Road development in Grove, with a further 43 at Wenham Road, also in Thames Field
- In Shrivenham, Aster has partnered with Linden Homes to supply 27 homes at Colton Road.
Homes have already been completed at the Station Road, Wenham Road and Colton Road developments and construction has begun on six of the other sites, with units set to be delivered throughout 2018 and 2019.
Amanda Williams, group development director at Aster Group, said: “We’re determined to make sure we develop affordable homes in the communities which need it most.
“House prices in Oxfordshire are rising at some of the fastest rates in the country and it’s essential that we make sure there is choice available to people in the area. This will help ensure that everyone can access secure housing and contribute to the economic growth of the area.”
In the year to the end of March 2017, Aster delivered 829 homes across the south of England in a range of tenures. The group increased pre-tax profits by 29% year-on-year to £44m on record revenues of £191m.
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