The base is described as the best-preserved Cold War airbase in Britain
Hundreds of homes have been saved from demolition after a new developer bought a former Cold War air base.
The Dorchester Group bought Heyford Park, once RAF Upper Heyford, near Bicester, from the North Oxfordshire Consortium.
The consortium had planned to demolish the 300 ex-miliary homes on the site and build 1,000 new ones.
The new owner said it would keep the homes and allow the 800 people living there to stay as long as possible.
Paul Silver, managing director of the Dorchester Group, said: "We would like to keep people in their existing homes for as long as we can.
'Long time coming'
"We have put in a planning application to extend the life of homes. We think the homes are robust, and we believe that is the right way to go forward."
People living on the site welcomed the news that their homes had been saved.
Patricia Kirby, of the residents' association, said: "It's got to be better than what we had and if they're going to develop the houses and upgrade them and do maintenance on them that has been long time coming, then it's got to be positive."
The result of a public inquiry into the original plans for the site is due in January 2010.
English Heritage has said the base was the best-preserved Cold War airbase in Britain and should be protected.
During the Cold War Upper Heyford was one of the largest US Air Force bases in Europe.