Plans for 53 new homes off Brant Road in Waddington have been formally submitted to North Kesteven District Council.
The proposals have been drawn up by housing provider Longhurst Group and local construction company Lindum Group, and full planning permission is now being sought for the development.
They include reports from independent experts in flooding, ecology and transport.
Lindum Development Manager Graham Daubney said: “We are seeking permission to build new two, three and four-bedroom homes on a section of land between a flood plain and existing homes on Brant Road.
“The scheme would be very similar to Boolean Fields, the highly successful development on the corner of Brant Road and Station Road, which has proved to be a very welcome addition to the local community.
“If approved, the homes will provide an opportunity for people in the area, including young families and key workers, to get a foot on the housing ladder in these difficult times.”
“We formally submitted the plans for consideration by North Kesteven District Council last week and we hope for a positive outcome in due course.
“The comprehensive proposals seek to address concerns raised during the consultation, particularly with regards to flooding.”
Nick Worboys, Longhurst Group’s Director of Development and Sales, said: “The fantastic response to our Boolean Fields development has shown us that affordable housing is sorely needed and much sought-after in Waddington.
“We’re proud to say that development has proved incredibly popular, helping many residents in the locality to access housing, either for sale or across affordable tenure types.”
“If approved, we firmly believe that the proposed scheme at Brant Road would do exactly the same; providing more opportunity for local people – who might otherwise be priced out of the housing market – to find a place to call home.”