Construction firm Osborne has been selected to build 18 new homes for Hackney Council.
The firm will also be recruiting six apprentices as well as a minimum of a quarter of its workforce from the borough.
The development includes 14 shared ownership and four market sale homes, to help pay for the £5.6m development, expected to start within weeks at the cleared site in Reading Lane.
The shared ownership homes, designed by Karakusevic Carson Architects, will be made up of five one-bedroom, seven two-bedroom, and two three-bedroom properties, and will be managed by Hackney Homes and marketed when built to local residents.
A spokeswoman for Osborne said: "We are delighted to be appointed to this contract and look forward to making a difference to the community in which we work. Creating opportunities through apprenticeships and guaranteeing local employment, ultimately benefits the Borough of Hackney, as well as developing the next generation of tradesman in the construction industry."
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