Around 1,000 new homes will be built during an eight-year construction programme across 13 sites in the Seacroft, Halton Moor and Osmandthorpe areas of Leeds.
The developers will be working in partnership with Leeds City Council.
Keepmoat said the scheme “will also provide considerable work opportunities including apprenticeships and training placements to address skills shortages and ensure that local people will get the maximum benefit of this investment in these areas.”
Ian Hoad, operations director for Keepmoat in Yorkshire, said: “We are actively expanding our presence in West Yorkshire, where we see a real appetite for new homes.
“With 95% of our developments built on brownfield land we are perfectly placed to deliver this scheme and we’re thrilled to have been selected as chosen developer alongside Strata.
“Working in partnership with Strata will allow us to accelerate the delivery of these new homes, with the target of achieving 150 properties per annum.
“We aren’t just taking one development in one part of the region. We are completely overhauling three neighbourhoods and potentially putting nearly 1000 people in the region on the property ladder.”
Andrew Weaver, Chief Executive of Strata, said: “We very much look forward to providing a valued contribution to this exciting venture creating sustainable, diverse, attractive neighbourhoods and a legacy for Leeds that we can all be proud of.”
Leeds City Council’s executive member for regeneration, transport and planning, Councillor Richard Lewis, said: “With a clear focus on redeveloping brownfield land first we can lead the way in ensuring important new housing in Leeds is delivered.
“Using council land in a planned and co-ordinated way like this allows us to work with partners such as Keepmoat, Strata and others so that there is a supply of suitable, affordable, quality homes that meets Leeds’ need now and in the future.”