The local authority will work on the initiative alongside housing associations.
Already, regeneration work has been carried out at sites in Gallowhill, Paisley and Johnstone, while future projects are also being investigated.
The ambitious plans have been outlined in Renfrewshire's Strategic Housing Investment Plan (SHIP), which was recently approved by the council's Housing and Community Safety Policy Board. The report sets out a plan for the Affordable Housing Programme for 2015/16 to 2019/20, and includes a number of projects to provide modern, high quality homes throughout the area.
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Commenting on the investment, Mark Macmillan, Renfrewshire Council Leader, said: "Regeneration is a key priority in Renfrewshire and with this vision we are working towards a major transformation of social rented housing.
"Good quality housing improves the quality of people's lives, it has a positive impact on health and wellbeing, helps tackle poverty and adds to the economic prosperity of local communities.
"This is a wide-ranging, visionary plan to make sure that the people of Renfrewshire who need affordable housing have the choice and opportunity to live in good quality, energy efficient homes in attractive neighbourhoods that meet their modern-day aspirations.
"There is a huge amount of work already in progress. We have far-reaching aspirations for housing in Renfrewshire and will be working with our partners to put together a strong case for funding for other key projects in the future."
(JP/IT)
