HOUSING improvement loans are available to landlords and private homeowners whose properties are in need of repair or modernisation.
One of the aims of the loans is to bring empty properties back into use but they are also available to owner-occupiers to make their homes safe, warm and secure.
Councillor Jane Mudd, Leader of Newport City Council, said: “This is a great opportunity for owners and landlords to breathe new life into empty and deteriorating properties and make them into homes for those who need them.
“The Welsh Government is providing the funding for these loans to tackle the problem of vacant properties across the country.
“We want to use our allocation to address the issue of empty homes and this scheme not only benefits the owners and landlords but also potential occupiers and neighbours.”
They are for the repair or improvement of individual homes, to renovate empty properties or to convert empty non-residential properties into one or more units of residential accommodation, when commercial finance is not easily available.
Funding can be given to eligible homeowners who will occupy the property when the work is completed.
It can also be particularly helpful for older owner-occupiers who have no mortgage but are on a low income.
Landlords can also apply for loans to bring empty properties, both residential and commercial buildings, back into use as new homes.
Welsh Government has provided the funding for the safe, warm and secure scheme that is administered by the city council.