Housebuilder Lovell has signed a new partnership deal which will see it deliver 4,000 homes in the West Midlands over the next eight years.
The new collaboration with the West Midlands Combined Authority will bring together public and private sector skills and investment with the aim of unlocking old industrial land and easing pressure on the green belt.
The 4,000 new homes will go towards the region's target of delivering 215,000 new units by 2031 which is what is required based on projected future population and economic trends in the Birmingham area.
West Midlands Mayor Andy Street said: "We have earmarked hundreds of millions of pounds to help transform our brownfield land into thriving new communities that offer affordable, well-designed homes for local people and premises for firms creating worthwhile jobs.
"The West Midlands is undergoing a huge resurgence, with a thriving economy and more and more people looking to take advantage of all our region has to offer.
"However, that success brings with it several challenges, not least the need to build more homes and commercial premises to keep up with the demand of residents and businesses.
"This ground-breaking partnership with Lovell will help us to address these challenges by bringing together their expertise with the authority's powers and resources to build more than 4,000 homes on former industrial land.
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"This way we can unlock more brownfield land for homes and jobs and, just as importantly, protect the precious green belt land at the same time."
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The deal was announced by the mayor during the annual West Midlands Forum for Growth conference in Solihull.
Stuart Penn, regional managing director of Tamworth-based Lovell, added: "Lovell Partnerships is delighted to be the first house builder to enter into a pioneering partnership with the combined authority to unlock housing development on stalled brownfield land.
"By combining our industry expertise and local knowledge, with a willingness to think innovatively, we will unlock significant areas of brownfield land for much needed housing development. Our shared commitment is to deliver high quality multi tenure communities at 'scale and pace' whilst ensuring we leave a lasting legacy everywhere we work."
Cllr Mike Bird, combined authority housing chief, said: "We believe this partnership with Lovell will be highly effective in speeding up the supply of land, predominantly brownfield, for development. It will help deliver attractive schemes that ultimately give everyone the opportunity for a decent home and job."