Scottish affordable homes backed by £590m budget for 2017/18

by: Edward Murray
  • 13/03/2017
  • 0
Scottish affordable homes backed by £590m budget for 2017/18
More than £590m will be made available for 2017/18 to increase the supply of affordable homes in Scotland, the Scottish Government has announced.

Councils in Scotland will share a pot of £422m to deliver more affordable homes in their local communities. The remaining investment will fund national schemes, including support for first time buyers and increasing rural and island housing. The total budget is an increase of £18m on the previous year.

Communities secretary Angela Constance (pictured) announced details of the funding package on a visit to Link Housing Association’s new development in Edinburgh – where 161 city centre homes are being built for social and mid-market rent and shared equity.

She said: “A good supply of affordable homes is vital to ensuring everyone has an equal chance of getting on in life. That is why it is key to this government’s commitment to tackling poverty, reducing inequality and building strong local communities. It also boosts the economy by supporting 14,000 jobs right across the country.”

She added: “We are determined to increase and accelerate housing supply – working in partnership with councils and housing associations to deliver quality homes to fit local needs. We are committed to delivering at least 50,000 new affordable homes over this Parliament backed by £3bn. This major and increased investment for 2017/18 that I’m announcing today supports our ambitious commitment.”

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