The project, officially called Reviving Communities, aims
to bring empty and dilapidated homes back into use. The authority is investing
£1.5m to purchase and refurbish up to 25 privately owned vacant homes in the Hanley
area of the city. Local residents will then be able to buy a home which has
been renovated by the council for £1, paying for the cost of the works through
a 10-year low-interest loan of £30,000. Under the first phase of the scheme
launched in 2013, 33 of the council’s own properties were transformed and
reoccupied – and it will reinvest loan repayments from buyers of those homes to
help fund the second phase. Read more on Inside Housing.
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