It has come to light that the Stoke-on-Trent City Council has approved a scheme of £3 million with the pursuit of providing cheapest building to the people. Under the scheme, the house owners of Stoke, Staffordshire, would receive a loan of £30,000 on a low interest to get the building renovated.
The scheme does come with guidelines. To sell a house, a house owner first of all get it renovated and secondly should also stay at the building for a period of minimum five years. Therefore, the owners are striking cheap deal with the tenants.
The tenants are being provided with the house on nominal charges of one pound. The council is of the view that the abandoned buildings are contributing in increased crime rates. Besides, they are also leading to reduced lifestyle of the people.
It has been reported that since 2011, about 4,000 buildings are lying empty in the Stroke area. On the website, the local city council said, “…bring long term empty homes back into use to improve the standard of housing in the city and to bring life back into our communities”. It is hoped that the efforts would help in reducing the crime rate and would also help in improving the standard of living.