Bradford Council could provide £448,000 to local school, park, community and environmental projects as part of the Community Infrastructure Levy.
£125,000 of the funding could to local primary and secondary schools and nearly £90,000 may go towards recreation and open spaces.
The remaining funds could be used towards developing green infrastructure, air quality projects, additional electric vehicle charging points and to improve habitats on the South Pennine Moors.
Bradford Council’s Executive will consider the allocation of the Bradford Community Infrastructure Levy monies when it meets on 7 July.
The council’s Community Infrastructure Levy started in July 2017 to relieve property development pressures in Bradford and is paid once developments are completed.
Councillor Alex Ross-Shaw, Portfolio Holder for Regeneration, Planning and Transport, said: “We are pleased to be allocating the funding from this year’s Community Infrastructure Levy.
“These grants go some way to addressing the impacts of new housing development but fall well short of the funding needed to meet the infrastructure needs of the district.
“However, we’ll be making sure every penny counts and investing in some key priorities like new electric vehicle charging points, our parks and open spaces and local education.”