The scheme aims to regenerate derelict properties by purchasing long-term privately owned empty homes in high demand areas and renting them out to tenants.
So far the council has received over 360 applications from people expressing an interest in selling their homes.
The local authority buys back properties if:
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• If there's an identified need for the type and size of property, and it is located in a high demand area.
• If this gives the council complete ownership of a block to allow major common works to proceed.
• To allow major works to go ahead to meet the needs of a particular household which cannot be met from the council's existing housing stock.
Cllr Barry McCulloch said: "We're working hard to address some of the issues faced by owners and communities relating to empty and derelict properties.
"While we are keen to buy empty properties, any purchase must represent value for money to the council and applications are prioritised.
"The benefits are there for all to see - providing additional homes for residents and improving the look and safety of local communities."
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