Council chiefs in Solihull have selected a developer to spearhead regeneration plans which aim to bridge the borough's north-south economic divide.
Bellway Homes will help deliver the £1.5 billion transformation of north Solihull, which represents one of the country's largest regeneration schemes.
The project, which is expected to take 15 years, aims to improve the lives of 40,000 people living in the Chelmsley Wood, Fordbridge, Kingshurst and Smithswood areas.
The four wards are among the ten per cent most deprived in the country, accounting for 44 per cent of the borough's unemployment and about 20 per cent of its population.
Conversely, wards in south Solihull are among the ten per cent least deprived.
A vital target for the local authority is to bridge the health and wealth gap that divides the borough.
The team leading the regeneration also comprises of Solihull Metropolitan Borough Council, Whitefriars Housing Group and InPartnership. Peter Stoker, commercial director at Bellway, said consultation with residents would continue as the project becomes a reality.
He said: " Residential regeneration of north Solihull will unlock value and act as a catalyst to create community benefits and enhanced value.
"The proposals will improve the quality of life for residents as well as attracting new people and investment.
"Our first priority will be to engage with the local people. It is absolutely essential that they have ownership and confidence in the regeneration programme."
The project would see new community hubs being created in specific areas acting as mini-town centres, offering education, leisure, health and shopping facilities.
The scheme will be paid for through cash generated from the sale of land to housing developers. It will generate up to £1.8 billion of public and private investment over the next 15 to 20 years.