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Instead, Manchester was awarded 29m from Whitehall in February, to allow them to revamp housing stock.
Housing bosses will look at financial incentives, shared ownership, shared equity and rent to buy schemes on properties to help people onto the housing ladder.
If approved, housing chiefs will make the case to developers to invest in and build in the area.
There will also be more open spaces, parks, play and sports areas as well as riverside and nature trails.
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"Inner city regeneration has been successful in Manchester.
There will also be shops, community services and potential for new schools, Nike Jackets Hoodie
The housing boost is part of a Nike Sportswear Jackets
prosperous city centre nearby.
Almost 2,500 new homes will be built and 1,000 more given a facelift in a bid to transform one of the most run down parts of north Manchester.
Osborne Street, Hammerton Road, Paget Street and Rochdale Road have already been identified for possible redevelopment. Rochdale Road would also be home to a new local 'cluster' featuring shops and community services.
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masterplan to transform Collyhurst and the Lower Irk Valley.
The 15 year vision for the area, to the north of Victoria Station and the Co op's new NOMA development, is contained in a regeneration framework published by town hall housing chiefs.
They want to buck inner city deprivation and unemployment and turn the area around repeating the success of Hulme's regeneration in the south of the city.
The new environmentally friendly, low carbon neighbourhoods will be designed Nike Hoodies Navy Blue to force down antisocial behaviour and crime, for example through better lighting and road layouts. Improved road and transport links, including the Metrolink, will help bridge the gap between communities, where there are currently high levels of unemployment, and jobs in the Nike Sweater Waterproof
according to the plans which will be discussed by the council's executive members next week.
It will help to boost the population by 10,000 over the next decade, by creating a mix of housing, including affordable family homes and those to cater for older people and young adults who want to be close to city centre jobs.
Sir Richard Leese, Leader of the Council, said: "These proposals encapsulate an exciting opportunity to develop an area that has remained significantly underdeveloped over the years.
The news will pave the way for the area's rebirth following a blow last year when government ministers pulled the plug on a 250m scheme to build 1,300 new homes under a Private Finance Initiative.
Town hall chiefs pledged to use the cash as part of a 58m repairs programme to bring existing social housing up to the government's Decent Homes Standard.
Greater Manchester Business Week is the region's number one provider of business news andfeatures, targeting a bespoke business audience with 12,687 copies every Thursday.
500 new homes to boost north Manchester
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More than 1,000 homes will be refurbished and the town hall has identified space for around 2,420 new ones across 75 hectares.
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