Homes England and Liverpool City Region Combined Authority have invested £51 million a regeneration project in Birkenhead.
The funding will be used to kick-start the regeneration of a former gasworks in Birkenhead.
Hind Street Urban Garden Village, on the Wirral, will see derelict land around Hind Street turned into a new community of over 1,500 homes, a new park, improved transport links, commercial space and leisure facilities.