Liverpool City Council's Cabinet is to decide whether the local authority can use compulsory purchase powers to unlock the next phase of the Anfield Project housing masterplan.
Approved in principle in October 2013, the council is seeking to acquire 23 property holdings around Anfield. The council said that the vast majority are cleared land, the owners of which are unable to be contacted.
Private sector housing partner Keepmoat has already delivered the first two phases on The Parks development and is close to completing the third phase. The three phases will provide 398 new homes and using the CPO, the council said the fourth phase would deliver a further 100 homes.
In October 2012, Liverpool City Council announced its plans to transform the Anfield area with a comprehensive regeneration plan. Liverpool Football Club committed to working with the City Council in support of its delivery of the regeneration plan and also confirmed its preference was to expand Anfield Stadium.
Mayor Joe Anderson said: "Throughout this process I have been clear that we would only use CPO powers as a last resort or if it was not possible to identify the owners of the properties in question. Completing the CPO will have a hugely positive economic impact on the Anfield area and there is a compelling case that we use these powers in this instance.
"This is another important step toward delivering the Anfield we all want to see: a bustling and vibrant area which provides a great place to live, work and visit."
Depending on whether objections are received by the Council, the CPO process could be complete as early as October 2014.
Of the properties affected by the possible CPO, one is occupied by a resident, a first floor flat. This is above an office building on Oakfield Road, while a second property on Oakfield Road operates as a take-away on match days only.
The council said it would offer relocation and compensation support to the remaining residential tenant and business operators. Subject to Cabinet approval, the Council will make the CPO, place advertisements and serve notices from late May 2014.