Silva Homes has partnered with RJ Leighfield to deliver nine three-bedroom houses in Bracknell.
The development, which is taking place on Rowley Close, is called Rowley Mews and all nine homes will be available to purchase through shared ownership.
The homes will replace the decommissioned independent living scheme known as Dennis Pilcher House.
So far, good progress has been made on construction, which began in November 2020.
The construction of Rowley Mews is going well.
The new homes benefit from a great location, with Lily Hill Park just across the road and a 20-minute walk to the Lexicon in Bracknell's town centre.
What’s more, each home will feature separate kitchen and living areas, a spacious private garden and access to plenty of parking.
Laura Johnson, executive director of assets and development, said:
“At Silva Homes, there is a determination to put people first, by helping to provide affordable housing for sale and rent, which helps make a positive difference to people’s lives.
“Our new homes will be great places people love to live in and take pride in.”
These new shared ownership homes will help first-time buyers and those who can’t afford to buy a home at the normal market rate to get onto the housing ladder.
With shared ownership, you buy a share of the house (usually 40% to 75%) and pay rent on the rest of the property, which is set below the market rate. In other words, you will pay a mortgage on the share that you own and pay rent to us for the share that we own. This means that you can secure a home without paying a deposit for the entire property.
Then, you can purchase more shares of your home until you own it outright, in a process called staircasing.