Members of Aberdeenshire Council's Social Work and Housing Committee heard the local authority had been one of only three councils to be successful in the bid for funding, securing £850,000 for the project.
The New Build programme will involve the development of 36 new homes - 12 in Tarves, 18 in Mintlaw and six in Johnshaven.
Of these, 31 will remain in the ownership and management of Aberdeenshire Council, and five will be low-cost homes for sale at the Tarves site.
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Work on the schemes is due to begin in the current financial year, subject to the completion of planning and contract tendering arrangements.
Supporting the Scottish Government grant will be a contribution of £750,000 from second homes council tax income, and £540,000 of affordable housing planning gain contributions.
A further £500,000 has been earmarked from the Council's housing revenue account, depending on final development costs, bringing the estimated total investment in the scheme to £2.64million.
Following last Thursday's discussions, committee chairman Cllr Gurudeo Saluja said: "The delivery of affordable housing has been identified as a key priority across Aberdeenshire.
"The successful bid for funding from the Scottish Government means we are now able to take forward a scheme which increases access to housing in three of our communities."
The Scottish Government scheme provides £25,000 towards the construction of each new home and committee members heard there will be an opportunity to make further bids from a £25m fund in October.
(GK/JM)
