Local jobs and training opportunities will play a key role in the regeneration of both Dolphin House and St Teresa's Garden in the south inner city.
A community benefit clause has been included in the procurement for both projects.
Under the terms of the clause, 10pc of working hours on the sites will be reserved for people who have been unemployed for 12 months or longer. Furthermore, 5pc of the houses will also be reserved for trainee or apprenticeship positions.
The clause, spearheaded by Lord Mayor Criona Ni Dhalaigh, is a bid to create local employment alongside the regeneration of the areas.
It is the first time that a community benefit has been included in a regeneration project led by a local authority.
Lyndsey Anderson, a Coordinator of the St Teresa's Gardens Regeneration Board, said that the clause is "unique".
"The way it's being done on these contracts is unique and it's a good step in the right direction," she told the Herald.
"It will make a big difference to people and our goal is that it will be used in mainstream procurement contracts.
"It's another way to give back to the community. What we found with the regeneration is that we don't want to focus solely on the housing side of things but also on the social mix and the economic side of things," she added.
The demolition of the blocks on the right hand side of St Teresa's Gardens is due to take place within weeks. Once the blocks are cleared it will make room for the houses that are set to be built on the site.
A mixture of houses and apartments will replace the existing homes in St Teresa's Gardens.
The Lord Mayor officially launched the community benefit clause this week at a community event.
"The inclusion of the community benefit clause strengthens the commitment to social and economic regeneration that will directly benefit individuals and families from both communities," she said.