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South Lakeland District Council (SLDC) are offering grants to anyone who will convert their commercial properties into affordable housing.
Grants of up to £25,000 per new home would be offered.
Last year SLDC granted a total of £150,000 to landlord Bob Hogben to help him develop six affordable flats at the former Victoria Tavern pub, in Longpool, Kendal.
The Victoria Tavern development was finished in May and there were 64 applicants for the six flats, which have now all been filled.
Owners of non-residential properties in the South Lakes could soon be offered grants to convert them into new, affordable homes.
South Lakeland District Council could give up to £25,000 per new home to those wanting to convert their commercial properties.
In return rents must be set at affordable rates for a minimum of five years and tenants selected from the council’s housing register.
Remaining costs are met by the owner.
Councillors hope the grants will help to regenerate town centres by reducing empty properties.