Affordable housing receives funding boost

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Millions of pounds of additional funding will be invested to deliver affordable homes across Scotland, it was announced today.

Housing Minister Keith Brown welcomed news that £15 million of existing funding will be accelerated to bring forward construction of 300 new homes.

An additional £20 million of new money will deliver a nationwide package to build 350 more new homes.

The measures were outlined today in a statement in the Scottish Parliament by Finance Secretary John Swinney.

The Scottish Government will invest at least £730 million in the Affordable Housing Supply Programme (AHSP) over the next three-years.

Housing Minister Keith Brown said:

“One of our highest priorities is taking action on housing in Scotland, which is why this government is implementing a range of measures to increase the supply of affordable homes, support jobs and increase economic activity.

“We will accelerate £15 million of targeted funding that will enable 300 new homes to go on site earlier than planned.

“In addition, £20 million of new funding will be invested in 350 affordable homes, to support jobs in the construction sector, breathing new life in to Scotland’s house building industry and encouraging more sustainable homes.”

The extra £20m will be allocated this autumn to local authorities for their 3 year strategic local programmes of new developments in their area, which may be a combination of Registered Social Landlords and Council build. We are discussing the distribution of the £20m with COSLA.