The illustrative exhibition will show the development of up to 500 homes, ranging from large family dwellings to semi-detached starter homes.
The development will also include affordable housing.
The plan includes 18 acres of green space, with play areas, biodiversity enhancements and sustainable urban drainage features.
The exhibition follows an initial community consultation in December 2015.
Representatives from landowner and applicant, Metacre Ltd, will be on hand to answer questions.
Metacre’s planning consultants, De Pol Associates are in the process of preparing an outline planning application that will be submitted in the summer.
Alexis De Pol, of De Pol Associates, said: “There is an acknowledged need for new housing in East Lindsey and Louth has been identified as a sustainable location where some of this housing growth is to be directed.
“Over the past few months a wide range of technical survey work has been undertaken to ensure that any potentially adverse impacts resulting from the development can be minimised.
“The scheme could deliver much needed new homes, contributing to both local and district housing needs.”
The exhibition will take place at Louth’s British Legion Hall on Monday June 6 (2-8pm) and Tuesday June 7 (10am-5pm). For further details, call De Pol Associates on 01772 888488.