The investment will be made over the next five years by developing new homes and refurbishing properties.
The housing association has ambitious plans to deliver more high quality housing, increase social investment, establish apprenticeships and employment schemes for local communities, and to invest in its ICT to improve choice and service delivery.
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Diana Fitzsimons, Chair of Radius, said: "Helm and Fold are progressing into an exciting new era and into uncharted waters. This union will increase our capacity in communities to deliver new and innovative services targeted at providing financial advice, creating employment and improving well-being.
"Radius has a vision for the future which will see us continuing to enable people of all ages to live in the community through a range of traditional and technological housing solutions. Demand for our services is growing and we are confident that our merger will place us in a strong position."
(CD/LM)
