News Formal

Open Market Purchase Scheme significantly boosts housing supply

  • 📰 Daily_Record
  • ⏱ Reading Time:
  • 46 sec. here
  • 19 min. at publisher
  • 📊 Quality Score:
  • News: 81%
  • Publisher: 89%

Homes And Property News

Housing,Construction,North Lanarkshire Council

Initiative helps support the council's new build supply programme, with 126 homes purchased during the 2023/24 period.

The Open Market Purchase Scheme in North Lanarkshire has made significant strides in bolstering housing supply, with a focus on improving stock conditions and addressing housing needs.

Michael McPake, convener of housing explained: “Over the years, the scheme has helped with the acquisition of hundreds of properties, including former council housing and empty properties.Get all the news from your area – as well as features, entertainment, sport and the latest on Lanarkshire’s recovery from the coronavirus pandemic – straight to your fingertips, 24/7.

“Through the expansion of the scheme, we are now able to purchase directly from private landlords, and this has allowed us to prevent homelessness and provide quality housing for families and people to rent in areas of high demand. In 2021, the scheme was expanded to include the acquisition of homes that enable common works in priority blocks and, in August 2022, the program was further expanded to consider purchasing properties from private landlords, allowing tenants to remain in their homes as council tenants.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Preston Makers Market to bring more than 70 stalls to Flag MarketA busy makers market during March on the Flag Market Pic: Preston Makers Market The latest Makers Market will sprawl across the Flag Market once again this
Source: blogpreston - 🏆 82. / 55 Read more »

Campaigners delighted as 'incongruous' Market Drayton housing scheme is refusedCampaigners in Market Drayton were claiming victory after the first of three linked planning applications to expand a business park was refused.
Source: ShropshireStar - 🏆 98. / 51 Read more »

'Prestigious' house with 'open views for miles' now on the marketThe house has four bedrooms
Source: EchoWhatsOn - 🏆 74. / 59 Read more »

Orange Pip Market, Middlesbrough: Council turns to businesses to help secure future of much-loved marketWays of securing the future of a much-loved event are being explored by the local council, including sponsorship from local businesses.
Source: The Yorkshire Post - 🏆 39. / 66 Read more »