A total of 153 new homes will be built on the former Merthyr Vale Colliery site.
Specifically designed to meet the needs of local people, the development at the Project Riverside site will offer new homes for a range of buyers, with 'affordable' housing set to be available through Merthyr Tydfil Housing Association.
Lovell Regional Managing Director, Kate Rees, said: "We are excited to have completed the purchase of this key site and look forward to starting construction of these much-needed homes at a place which has already played such a central part in the history of Merthyr Vale.
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"We’re proud to be working alongside Merthyr Tydfil County Borough Council and Merthyr Tydfil Housing Association to bring about this new future for the colliery site, and to be developing such a fantastic collection of homes which we’re confident will appeal to buyers at all stages of the property ladder from those buying their very first property, to families looking to upsize."
Karen Courts, Chief Executive of Merthyr Tydfil HA, added: "The scheme will provide 43 units of affordable housing for rent and will provide a significant boost for the area, both by helping to meet local housing needs and through the creation of employment and training opportunities.
"We are committed to the regeneration of communities and we are delighted to be working in partnership with Lovell on this exciting development."
(LM/MH)
