The EdIndex Partnership will provide the housing association and council homes for an 18-month period from April 2018 to September 2019.
The council said a range of supports, including the Housing First model, will be piloted in partnership with third sector providers and Social Bite to assist tenants to remain in their homes.
Council Leader Adam McVey said: "Last month, we announced the creation of a cross party homelessness task force to address the unprecedented pressures facing our services, with demand for both permanent and temporary accommodation exceeding supply.
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"Today's announcement of an additional 275 permanent homes is a valuable addition to the work already being done with our partners across the city offering an extensive range of services to people who are homeless or at risk of becoming homeless, from support and advice on housing options, to assessment services and permanent and temporary accommodation.
"Homelessness prevention is obviously a key priority and along with the Council, housing association landlords already provide housing for a high proportion of homeless households in Edinburgh as well supporting households with other needs for housing due to mobility difficulties and overcrowding.
"In recognition of the shortage of affordable housing in Edinburgh we have also committed to building 20,000 new affordable homes in the city in the next 10 years."
(LM)
