The aim of the Buy & Renew Scheme is to support Local Authorities and Approved Housing Bodies to purchase and renew housing units in need of remediation, and make them available for social housing use. It also supports strategies on vacant homes and urban renewal. For urban/town/village renewal purposes, the focus can be on older stock, particularly as part of the response being made in tackling dereliction and improving streetscapes.
We work directly with local authorities and housing bodies and can introduce owners seeking to sell their property under the Buy & Renew Scheme.
The Buy & Renew Scheme supports the purchase and renewal of vacant properties of any age, for social housing use and it is expected that Buy & Renew properties would have been vacant for a period before being acquired for social housing purposes. The scheme is identified as a good option in cases where repair costs are above those provided under the Repair & Leasing Scheme and where the property owner is willing to sell to the local authority or Approved Housing Body.