£ 300m available for affordable housing

  • £300m has been allocated to Scottish councils for affordable housing from a £391 fund that was announced in September.

    Each council in Scotland will be given a share of the £300m made available for affordable housing supply programme for the 2015/16 financial year.  Monthly Fees 3

    Announced by the finance secretary, John Swinney, the government will share out £30m to help first time buyers as well as £10m for owners struggling with mortgage repayments and for homes built to a greener standard. The rest of the money will be spent on affordable housing projects.

    Margaret Burgess, the housing minister, said: "This is a substantial funding boost that will support house building across Scotland. We have listened to councils and housing associations and put in place a system of funding for housing which will provide greater certainty and allow councils to make plans for the future, reports Inside Housing.

    "Housing is and will remain a priority for this Government and we will continue to invest in new affordable homes. Despite the severe cuts to our budgets by the UK Government, this is a substantial funding boost that will support house building across Scotland. This funding keeps us on track to deliver more than 6000 affordable homes per year, of which 4000 will be social homes. But we must continue to work together to get the most from our resources and ensure that we deliver our vision that everyone should have a safe, warm home which they can afford."

    Alan Ferguson, director of the Chartered Institute of Housing (CIH) Scotland, said: "When the budget announcement was made in September, CIH Scotland was very happy to join with other bodies in welcoming the outline budget of £391 million for the Affordable Housing Supply Programme in 2015/16. This budget represents an increase of around 21 per cent on the average annual spend of £323 million within the current programme. Making these resource planning assumptions now gives councils and their housing association partners the best possible chance of pushing ahead with building much needed homes across Scotland."

    Image source: http://www.sxc.hu/photo/1193076

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