The city of Manchester has set out plans to build 55,000 new homes over the next 15 years, with 5,000 of these by 2016.
Early estimates also show 13,000 new homes could be built by 2019.
The housing strategy, dubbed the Residential Growth Prospectus, will see the council work in “close partnership” with private developers, social landlords and housing providers to deliver a mix of tenures.
It is estimated that the programme could create up to 25,000 new job opportunities in Manchester over the next three years.
Manchester city Council deputy leader Jim Battle said: “Manchester’s strategy is about building new homes and creating jobs. We need to act now to meet demand for the future and to do this we need to stimulate investment in building and bring empty homes back into use.
“The plan is also about creating financial packages that allows households into owner occupation. We believe this combination will not only create homes and neighbourhoods, but jobs, training opportunities and a huge economic boost for our city,
“The plan is ambitious but in Manchester we have the skills and experience to deliver a strategy that will secure Manchester in poll position as an economic driver for the UK.”