The project includes the redevelopment of the Theatre Royal in Chatham High Street, transforming the 19th century building into 12 new flats available for a mix of affordable rent and shared ownership.
MHS Homes, the social landlord in charge of the development, will also undertaking a programme of property repairs to bring 20 derelict houses back into use for the community.
In total, 98 affordable homes will be created across many different sites in the Medway area, with further proposed schemes awaiting planning permission.
MHS Homes head of development Emma Riddington said: “We have been focused on development opportunities in Medway, not only by utilising land already owned by MHS Homes, but also looking to the local market for further opportunities.
“Currently we have 11 projects on site, with more awaiting planning permission, with the aim to provide people with much needed affordable homes.”
All of the developments will reach level 3 under the Code for Sustainable Homes.
Work has started on many of the sites, but construction will be underway on all the schemes by February next year at the latest.
MHS Homes is the largest social landlord in the Medway and over the last two years has developed almost 400 new affordable homes.