As well as this money, New Heartlands, the housing pathfinder for Liverpool, has been granted £86m for a two-year regeneration initiative.
In the city centre project, David Wilson Homes will operate in the northern area, Gleeson in the south, Bellway in the Wavertree area and Keepmoat in the Stanley Park area.
The council is also holding discussions with developer Inpartnership to identify other regeneration opportunities. The developers will work alongside New Heartlands, the council and registered social landlords, who will represent housing associations.
The developers will be required to remove redundant and obsolete housing, assemble sites, and refurbish housing stock. Neighbourhood renewal assessments are also being undertaken. These will identify areas that ought to be cleared and those where communities are sustainable and require active housing management.
New Heartlands managing director Pauline Davis said that the appointment of lead developers was a vital step in delivering housing.