More than £2.5 million is set to be distributed to community projects in the borough by Barking and Dagenham council.
The money is from the Strategic Community Infrastructure Levy, which is a fee that the council charges new developments in the region.
There are currently nine projects which have been recommended for approval by the council, including building refurbishments, supporting a new football centre and an initiative to tackle litter.
The council has tripled the number of projects it wants to allocate funding to from the initial three that was planned in June 2018.
The Becontree estate is believed to be one of the most likely beneficiaries of the funding. Ahead of the 100th anniversary of the historic development, six projects to regenerate the area could receive around £770,000 over the next three years.
Projects would include improvements like new lighting in pedestrian areas, more plants and trees, and a new playground in Parsloes Park.
Another project set to benefit is the redevelopment of the building used by the charity, Box Up Crime who work in the borough to help young people out of gangs. It is thought the group help around 600 youngsters from the area between the age of seven and 24 every week.
The biggest single-year project that’s been recommended is a project to extend the Thames Clipper further east, all the way to Barking. If approved, there would be around £600,000 provided to help fund river access for the sprawling Barking Riverside development in the south of the borough.
The projects will receive final approval at the next cabinet meeting.