Northern Ireland will receive around £3.4 million to directly support the delivery of social and affordable housing, according to the Competition and Markets Authority (CMA).
The funds, which are the country's share of £100m that will be split across the UK, have been welcomed by Communities Minister Gordon Lyons.
Northern Ireland's allocation will be used to deliver homes "as soon as possible and preferably within this financial year," according to the Minister.
He said: "Social Housing is a priority for me as Housing Minister and my Executive colleagues as outlined in the Programme for Government and the Housing Supply Strategy. We are doing everything possible to deliver more social and affordable housing. This additional funding will assist us to deliver more homes for households in need."
The UK-wide payment of £100m is made up of contributions from seven GB-based housebuilders, who have offered a package of commitments which the CMA will now consult on until July 24, 2025.
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