A decommissioned block of 29 bedsits in Long Eaton is to be converted into family homes.
The work at Romorantin Place will be carried out by social housing organisation emh homes after it received the go ahead by Erewash Borough Council.
Work is expected to start in September and completed in summer 2018.
The project will also see the front of the block of flats - which had been boarded up for several years - given a complete overhaul, with the grounds and gardens also redesigned to give more space for residents to enjoy.
Meanwhile, the first phase of the overhaul of Romorantin Place - the renewal of the kitchens, bathrooms, and electrics of the 39 homes in the block of flats - has been completed.
And residents say they are delighted with the upgrades to their homes.
Long-time resident Elaine Beardmore said: “I am really delighted with my new kitchen.
“I was able to choose the colour of the tiles and the units myself, and it looks much smarter now. It has made me want to spend more time in here baking with my grandchildren.”
Matt Rice, senior development officer at emh homes, said ‘exciting times lie ahead’ when the project is finished.
He said: “This has been a difficult and challenging project to get off the ground, but we are delighted to have the green light now to push on with our redevelopment and create a scheme we can all be proud of.”
It is the third regeneration project emh group has undertaken in Erewash since Three Valleys Housing joined the group in 2011.
The first two – Hart Lea and Town Street in Sandiacre – were demolition and new build projects and were the first new affordable homes to be built in the borough for more than 10 years.