The City is developing the area in partnership with the Department of Housing.
City of Canning Commissioner Linton Reynolds said $572,000 had been allocated to improve streetscapes in the areas surrounding the project and to improve parks in the area.
‘The funding demonstrates to the residents in the affected area that they still have the support of the City of Canning despite the proposed changes to our borders,’ he said.
The area will become part of the amalgamated Victoria Park-South Perth council after mergers in July 2015.
Mr Reynolds said the City would reassess its involvement in the project after the 2014.
‘We will ensure that the new partners in the project (Town of Victoria Park and the City of South Perth) understand the needs of the community and develop the area in the spirit undertaken by the City of Canning,’ he said.