Peel commissioners are asking permission from the government to buy a row of houses and a field for £1.75 million.
The local authority has asked the Department Infrastructure for permission to buy 11 homes on Cowley Terrace, off Ramsey Road.
Also included in the deal is a three-quarter acre field which is zoned for residential development under the west's area plan.
The DOI says it'll consider the petition after Monday, June 16.
Illegal immigrant turned back at Manx border can't stay in UK
Bank scammers warning as calls target Island residents
Island to extend UK VAT cut on power, says Treasury Minister
Woman thanks mystery van driver after daring sea rescue
Stay off damaged slipway in Laxey, says local authority
MHK sues attorney general and returning officer over election votes
Islanders reminded to keep challenging domestic abuse beyond October