Repair and Leasing (RLS)
Repair and Leasing (RLS)
Repair and Lease aims to increase the supply of social housing by bringing vacant properties in need of refurbishment back into use. To help with the cost of carrying out the works required to refurbish a home, Longford County Council can initially pay for the necessary works (as agreed). As a condition of accessing this funding the owner commits to the newly refurbished home being made available for social housing for an agreed term. The money will Longford County Council put toward the refurbishment works is repaid by applying an additional discount on the rent paid to the owner. The full nominal value of the capital works must be repaid in full by the landlord within the term of the agreement via a reduced rent. The RLS calculator helps local authorities see how the different repayment arrangements will impact on the initial net payments to the landlord.
The scheme is targeted at owners who CAN NOT afford the cost of the works required to bring a property that has been vacant for at least one year up to a lettable condition.
However, under a pilot expansion of the scheme, property owners of certain categories of buildings do not have to meet the requirement of being unable to afford or unable to fund the repairs. This applies to the following categories of properties:
- Vacant commercial units
- Vacant units associated with a commercial unit, for example, a flat over a shop
- Vacant institutional buildings
- Unfinished developments, which have been vacant for a significant amount of time
The pilot expansion to the scheme which removed the requirement that property owners be unable to fund or access funding to carry out repairs has also been extended. Applications under this expanded scheme are now permitted until July 2024.
Subject to Longford County Council deeming a property suitable for social housing, and the agreement of the property owner, the cost of the necessary repairs will be met upfront by the Longford County Council.
Please note: This scheme is a LOAN not a GRANT.
Additional information about the scheme, access: Repair and Leasing Scheme (RLS) - GOV.ie and Repair and Leasing - Citizens Information
Further information is contained below:
- Repair And Lease - Application Form _As Gaeilge
- Repair And Lease - Application Form _English
- Repair And Lease - Guidance Note 1
- Repair And Lease - Guidance Note 2
- Repair And Lease - FAQs