Inter‐cell interference (ICI) is a major problem in heterogeneous networks, such as two‐tier femtocell (FC) networks, because it leads to poor cell‐edge throughput and system capacity. Dynamic ICI coordination (ICIC) schemes, which do not require prior frequency planning, must be employed for interference avoidance in such networks. In contrast to existing dynamic ICIC schemes that focus on homogeneous network scenarios, we propose a novel semi‐distributed dynamic ICIC scheme to mitigate interference in heterogeneous network scenarios. With the goal of maximizing the utility of individual users, two separate algorithms, namely the FC base station (FBS)‐level algorithm and FC management system (FMS)‐level algorithm, are employed to restrict resource usage by dominant interference‐creating cells. The distributed functionality of the FBS‐level algorithm and low computational complexity of the FMS‐level algorithm are the main advantages of the proposed scheme. Simulation results demonstrate improvement in cell‐edge performance with no impact on system capacity or user fairness, which confirms the effectiveness of the proposed scheme compared to static and semi‐static ICIC schemes.