The Birmingham Post (8 July, p3) reported that the five-year scheme, which will replace tower blocks with modern flats, maisonettes and houses, was launched by the city council and the Optima Community Association.
It has been described as a model for future urban regneration. Optima was formed a year ago and oversees nearly 3,000 former council properties following their transfer from the council last summer.
A hunt is now under way for a major developer to construct the new communities, with firms invited to register an interest by next month.
'We should just not see this as a physical renaissance but one which is encompassing the regeneration of our economic well-being as the re-birth of the cultural and skill fabric of the city,' he said.