Work will start this year on constructing 1000 homes which will be built in Wales over the next two years.
And over the next 30 years the Welsh Government will be putting £130m towards building "quality and affordable housing.
Carl Sargeant, Minister for Housing and Regeneration says, "Building new homes is important not only in meeting the growing housing need of communities but also as a way of providing work to help people out of poverty and to counter the highly damaging effects of the UK Government's 'bedroom tax'.
More top news
Showers in the north will spread southeastwards overnight. Temperatures will be higher so not as chilly as list night.
Chilly start to Tuesday, turning into a largely fine and dry day.
Political Editor Adrian Masters was joined in the studio by assembly members Bethan Jenkins, Mick Antoniw and Suzy Davies.