Buy and Renew Scheme
Buy & Renew Scheme
Councils can buy suitable vacant properties in need of repair from property owners and make them available for social housing. This initiative, which complements the Repair & Leasing Scheme, is also designed to assist local authorities and AHBs (approved housing bodies) to harness the accommodation potential that exists in certain vacant properties for social housing use.
As with the Repair & Leasing Scheme, the use of the buy & Renew Scheme is subject to the suitability of the property for social housing, the condition of the property and the cost of remediation.