The ring-fenced cash is expected to be around £300m and provide up to 5600 homes.
Amphion had been holding crisis talks after seeing little demand for its timber-frame Tee-U-Tech system in the four years since the consortium was formed.
The main problems have been lack of land and developers' uncertainty about using the system across the whole of a project, as opposed to just the social housing element.
Amphion members warmly welcomed the corporation's decision to put its money where the government's mouth is.
Charlie Adams, Amphion board member and chief executive of Hyde Housing Association, said: "The majority of members want to keep going, expand the number of suppliers we use and concentrate on the local level as the next step."
Source
Housing Today
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