More than 700 homes have been earmarked for development on the former Courtaulds site off Foleshill Road in Coventry.
Developers, Persimmon Homes South Midlands, are investing £65 million on the project.
Phase one will see 113 properties built, after Persimmon was granted planning permission earlier this month.
“This is an area which has become derelict and needs investment.
We are building more than 1,100 new homes across four sites in Coventry all together, which proves our long-term commitment to the city.”
The number of households across the Midlands at risk of losing their home every day has reached 104, the homelessness charity Shelter has said.
In the West Midlands 61 households a day are at risk of eviction or repossession. That compares to 43 households per day in the East Midlands.
The research, based on data recorded by the Ministry of Justice, also identified the latest hotspots across the Midlands where people are most likely to lose their home.
Wolverhampton and Sandwell topped the list in the West Midlands, with Nottingham and Corby the most common places in the East Midlands for households to struggle with rent arrears.
Since 2011, Shelter has seen the number of callers across the country struggling with rent arrears more than double, while those calling about mortgage arrears rose by nearly a fifth.
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New homes and shops are to be build at Robin Hood Chase in St Ann's, after Nottingham City Council granted planning permission.
Developers, Wilmott Dixon, have been granted permission to build 45 apartments, three retail units - including a new supermarket - and a public square.
Councillor Jon Collins, Leader of Nottingham City Council, said:
I visited Robin Hood Chase in December to see first hand the demolition work that is already underway...
... I am pleased that the redevelopment of this site can start to progress now that planning permission has been granted, and look forward to seeing the redevelopment work taking shape to bring this site back into full use.
In the East Midlands 52% of houses were affordable for first time buyers last year. In the West Midlands it was just 13% of houses - that's according to figures from the Halifax.
House prices are deemed to be affordable if they cost up to four times earnings.
Nationally the number of first-time buyers grew by around one fifth in 2013, marking the strongest annual increase in more than a decade.
Private sector rents have risen twice as fast as wages over the last twelve months.
But according to research by a major lettings network, the West Midlands recorded the sharpest monthly drop for November, decreasing its average monthly rent by 2.6% to £542 per month for November.
LSL Property Services, which owns the lettings chains Your Move and Reeds Rains, says
average rents across England and Wales stood at £753 per calendar month in November, representing a 1.6% increase compared with the same time last year.
Only 20% of homes for sale in the West Midlands are affordable for working families, according to the housing charity, Shelter.
They say there are not enough properties in the region that first-time home-owners can afford to buy.
To be eligible for one of the houses being sold for a pound in Stoke-on-Trent you must:
- Have a right to reside permanently in the United Kingdom.
- Be currently working at least 16 hours per week and have been in continuous and secure employment or self-employment for the last two years.
- Not own property whether in Stoke-on-Trent or elsewhere.
- Currently reside and have had your primary home in Stoke on Trent for the last 3 years immediately before the application.
- Have a gross income or a joint income of at least £18,000 and not more than £25,000 per year or £30,000 per year if you have dependent children.
- Agree to reimburse the Council for the improvement costs, with the Council providing low interest financial assistance.
- Intend and undertake to occupy the property as your main and principle home for a minimum period of at least five years.
- Not own assets valued at more than £10,000 in aggregate.
For full details of the eligibility criteria go to the Stoke on Trent city council website.