The Manx Government is on course to provide more affordable housing than any government since the 1950s, according to the island's Social Care Department.
It promises an ambitious £130m programme to build more public sector housing over the next five years.
The department's annual housing report also said it has exceeded its housing targets.
Social Care minister Martyn Quayle said this was a "substantial achievement."
The report says 438 homes were built annually, compared with the target of 400 set out in the Housing Policy Review Report.
And since 2002, an average of more than 90 new public sector houses were built annually compared with the original target of 80.
The report added: "Due to this unprecedented investment in housing, this government is on course by the end of its term to provide more affordable housing than any government since the 1950s."
The Department's Political Member for Housing Mr Bill Henderson MHK said: "It is heartening not only to see these statistics, but also to have met some of the individuals who have benefited from these new homes and hear how it has improved their lives."