Cash will be provided for areas across the county
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People who want affordable housing in rural Cumbria are being told that 200 homes will be provided this year.
The promise comes from a government agency called The Housing Corporation.
It funds and regulates over two thousand housing associations in England.
A range of housing associations will be offering homes in Grasmere, Kirby Lonsdale, Keswick, Cockermouth, Windermere, Ulverston and Penrith.
The Housing Corporation is investing over £11m and, by attracting other funding, it is hoped a total of £16.9m will be put into Cumbria's economy.
In February, deputy prime minister John Prescott promised that people looking for affordable homes in the Lake District would benefit from new investment.