Experienced housebuilder Edenstone Homes has a reserved matters consent to build 50 new homes on a 5.7 acre site at Cross Common Road in the village in the Vale of Glamorgan.
Work to prepare the site is due to start imminently, with the first homes anticipated to be released for sale later this year.
A variety of three, four and five-bedroom homes will be available on the open market with 40% of the development designated as affordable homes, including a mix of social rent and intermediate rental properties.
Meanwhile, Edenstone Homes has pledged package of funding to benefit the community. This will include more than £260,000 towards local education, £100,000 for sustainable transport, along with a community contribution of nearly £50,000.
Further funding will go towards providing a fully-equipped play area on site, as well as a public art contribution.
Martin Taylor, managing director for Edenstone Homes, said: “Dinas Powys is a beautiful village – a great place to live, and to move to. We are excited to be developing a range of homes to suit a wide audience of potential purchasers, including first-time buyers, downsizers, professionals and families.