£11.5 million funding has been secured as part of the Homes and Communities Agency's (HCA) 2015-2018 Affordable Homes Programme.
Housing Associations across Manchester will also contribute £35.5 million.
In total, the £47 million of investment into the city, will build 439 affordable homes for rent and 159 homes for owner occupation.
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The development sites were identified by Manchester City Council and its partners, working with registered providers to ensure the tenure mix of the new homes fits the housing requirement for the location.
Partnerships such as this are at the core of the Manchester Place initiative launched this month by Manchester City Council. The initiative has identified development ready sites across the city and aims to link developers with home building prospects they would otherwise not have access to.
Project planning for the 2015-18 Affordable Homes Programme funding will commence shortly, with the first developments starting on site next year.
(CD/MH)
