The news follows figures showing the highest levels of activity in the affordable housebuilding sector in Scotland since the early 1980s.
Details have been confirmed of each local authority’s affordable housing funding allocation for the next three years.
Housing minister Kevin Stewart said this would support the government’s commitment of delivering 50,000 affordable homes by 2021.
“We are ensuring Scotland has homes that are high quality, efficient and affordable.
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“…We are announcing to local authorities how much money they’ll have to invest in affordable housing until the end of this parliament.
“It means they can plan these new affordable homes now – with the certainty that the funding will increase year-on-year.
“This is also an important signal to the housebuilding sector in Scotland and demonstrates our commitment to the industry and the estimated 14,000 jobs our affordable housing supply programme supports each year.”
£532m will be shared among local authorities during 2018/19, growing to £630m in 2020/21.
“With a huge number of affordable homes approved last year, we can be confident that our programme is on course to deliver for Scotland,” added Mr Stewart.
“Today’s announcement will provide the certainty that local authorities and the sector need to accelerate this progress and ensure we keep up this momentum to reach our goal of 50,000 new affordable homes by 2021.”