The Housing Executive's to build nearly five hundred new homes in the Newry, Mourne and Down district.
There will also be a £17m pound cash boost to update over seven hundred council houses.
It will also be used to provide grant aid to the private sector and improve the energy efficiency of many homes.
The plans were unveiled at a meeting with the council last night.
Investment and work is expected to take place over the next three years.
Bluetongue restrictions in Northern Ireland will be relaxed from Friday
By Gráinne Ní Aodha (PA)
Conviction led to safeguarding review at Presbyterian Church
Gráinne Ní Aodha and Rebecca Black (PA)
Coroner vows to keep Noah Donohoe inquest ‘on track’ for January start date
By David Young (PA)
Appeal to European Court being considered after ruling over Troubles disclosures
By Rebecca Black (PA)
Executive agrees to set aside £119m for PSNI data breach payouts
By Rebecca Black (PA)
Download the Q Radio app to keep listening, wherever you are! It's available on Apple and Android devices.
Download from the App Store Download from Google Play
