Liverpool City Council has submitted an application for a £1.5m Heritage Lottery Fund grant, to regenerate derelict and vacant buildings across Chinatown and Ropewalks.
The council put forward a report ahead of an executive meeting on Friday, which allows officers to apply for townscape heritage initiative grant aid, if its first round application is approved.
The council has committed £300,000 of its own funds for inclusion in the capital programme.
The proposed regeneration site is within the Duke Street conservation area, with a concentration of buildings considered to be at risk on Nelson Street, Berry Street, Bold Street and Duke Street.
The report identified particularly vulnerable buildings as 52 Berry Street, 28 Slater Street, 151-155 Duke Street, 118-122 Duke Street, and 37-43 Duke Street.
The project is expected to support the refurbishment of 14 addresses, and the creation of nine homes.
If the HLF approves the council’s application, work could start at the site from June 2016.
A townscape heritage initiative grant was given to Liverpool in 2010 to develop the Base2stay hotel, also in Ropewalks.