Liverpool County Council also agreed that 1,000 properties will be brought back into use.
Earlier this year, the council announced a new partnership with Liverpool Mutual Homes (LMH), private developer Redrow Homes and property contractor Wilmott Dixon to drive up the range and quality of properties in the city.
Under the plan, Redrow Homes and LMH will jointly build 1,500 new homes and LMH aims to bring up to 1,000 back into use as part of a £205 million investment over the next five years.
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Five sites and properties which, subject to consultation with the local community and planning approval, will deliver around 200 new and refurbished properties for the first phase, has been approved.
Assistant Mayor and Cabinet member for Housing, Councillor Ann O’Byrne, said: "This is just the start of a five year programme which will deliver new and refurbished properties across the city, offering a greater range and quality of homes for our residents.
"This new partnership is playing a major part in the on-going transformation of housing, and build on the fantastic momentum we’ve created in recent years.
"We are working together to drive forward some really important schemes which will breathe new life into communities and wherever possible we are using brownfield sites which have existing developments on them.
"We are already on target to exceed the Mayor’s target of building 5,000 new homes in Liverpool by 2016 and bringing 1,000 back into use, and the partnership is enabling us to do even more."
(CD/MH)
