Barnet Council is promoting its empty property grant system, hoping to get homes back in to occupation.
Under the Empty Properties Grant, landlords and owner occupiers can apply for financial assistance to bring their properties back up to a good standard.
In return for help in excess of £25,000 per property, the scheme requires those who apply for the grant to rent out the property to people in housing need for five years. The new scheme follows a recommendation by the Empty Properties Task and Finish Group in April 2014 and replaces the Empty Property Financial Assistance loan.
It is estimated there are between 1,500 to 2,500 empty properties in Barnet.
Councillor Tom Davey, Chairman of the Housing Committee, said: “Bringing empty properties back into use is not only excellent value for the taxpayer but removes local eyesores for our residents. We know there is a huge demand for accommodation in the borough and if we can succeed in helping people get out of costly nightly accommodation and into properties which had previously fallen in disrepair it has got to be a win win situation.”