The government must work with loyalist paramilitaries as part of the process of peaceful transition, the social development minister has said.
The investment was announced by NIO minister David Hanson
David Hanson was speaking as he announced a £10m regeneration project for the Kilcooley estate in Bangor on Thursday.
He said it was important for paramilitaries to move on and such investments helped that process.
The regeneration project will be implemented over the next seven years.
It will include enhanced housing and upgrades to roads and parking.
The regeneration proposes radical changes to flats and the upgrading of bungalows and surrounding environment.
The minister said: "This major investment will enhance Kilcooley's status as a desirable area for social housing, and a safe and enjoyable place for people to live."
Mr Hanson said that since January 2005 his department had invested almost £500,000 in the Kilcooley area, part of which had gone towards setting up a website for the area.