The partnership between not-for-profit housing association Peabody and Crest Nicholson will provide around 405 high quality, energy efficient homes off Turweston Road.
The 34-acre site will include one- and two- bedroom apartments and two-, three- and four-bedroom houses across a range of tenures, including affordable rent, shared ownership and open market homes.
The development will be sustainable, with each of the homes benefitting from an air source heat pump and an electric vehicle charging point.
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Proposed open spaces will include three new play areas and more than seven acres of green spaces for the community to enjoy, including a wildflower meadow, plus new ponds.
Peabody and Crest Nicholson are expecting to submit a detailed planning application later this year. The homes will be delivered in phases, with construction due to begin in 2025.
Simon Barry, Regional Managing Director at Peabody, said: "Our partnership with Crest Nicholson is great news for Brackley and the community. Our organisations share a commitment to deliver high quality, energy efficient homes for local people, and a desire to add long-term value to communities.
"These much-needed new homes, a sizeable proportion of which will be affordable, will be located in the heart of our north counties region, giving residents the benefits of market town living but with easy access to the countryside, Northampton and the M40 motorway.
"We look forward to welcoming new residents to the neighbourhood from next year."
