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
Clear skies will continue for a time allowing temperatures to drop to freezing in many places. Cloud developing during the early hours.
She's been playing rugby since she was eight and now Sian Williams is Wales' first full-time professional female rugby player.
A judge said the three men were 'waiting in the wings to assist anyone ready to travel to Syria.'