WREXHAM Council is planning to borrow more than £100 million in order to bring its housing stock up to scratch.
The authority said it was confident of meeting the Welsh Housing Quality Standard by the target date of 2020.
It estimates that £255m needs to be invested to achieve the standard, of which £131.5m it plans to borrow and repay over 30 years.
Councillors hailed the investment as “good news” for Wrexham at a meeting of the authority’s homes, environment and communities scrutiny committee.
It will see the continuation of the council’s improvement programme for kitchens and bathrooms in the 11,000 houses it owns.
In the long term the council is hoping to start building new homes for the first time in a number of years.
A stock survey will also be carried out to assess which houses need bringing up to standard urgently, as well as exploring options for non-traditional housing.
Andy Lewis, head of housing and public protection at the authority, said: “As it stands we’re fairly confident we will be able to meet that standard by 2020.
“We haven’t been able to say that up till now.
“It’s good news for tenants and the town.”
Regarding the amount of money being spent, he said: “We need to maximise that money so we get value in everything we do.
“We need to see where we can benefit the local economy and employment.”
He said where possible, the authority would look to allocate contracts locally, but that due to the size of the project they would have to adhere to EU regulations on procurement, which could present difficulties.
He added that any work undertaken would not impact on the rate of tenants’ rent.
Johnstown councillor David A Bithell said: “I welcome this major capital investment of £131.5m.”
However, he also raised concerns about whether the council could undertake such a large project.
Holt councillor Michael Morris queried whether the liability would fall on the council as a whole or the housing department if there were difficulty repaying loans.
Mr Lewis responded by saying it would fall under the housing revenue account.
The majority of councillors spoke in favour of the investment in Wrexham’s housing stock.
Penycae and Ruabon South councillor Joan Lowe said: “I think we all welcome this.
“It’s been a long, long road and hopefully there’s some light at the end of the tunnel.”
Members unanimously voted in favour of a report being presented to the council’s executive board recommending that Wrexham will be able to achieve the Welsh Housing Quality by 2020-21.