£568m for affordable housing

Monday April 30th, 2018

Increased funding to ensure councils can deliver more homes (April 30th).Government Opportunities

More affordable homes will be delivered across Scotland this year following a £35 million increase to council allocations, bringing it to £568 million.

The increases will continue over the coming years, rising to £591 million in 2019-20 and £630 million in 2020-21.

This brings the overall funding allocated to councils for affordable housing to £1.79 billion over three years.

Housing Minister Kevin Stewart MSP said:

Affordable housing is about more than just bricks and mortar – it provides safe, warm homes, helps create a fairer Scotland, and delivers great economic benefits.

“Statistics show we have delivered almost 72,500 affordable homes since 2007, and we are on track to deliver at least 50,000 over this Parliament, backed by over £3 billion. That is the single biggest investment in, and delivery of, affordable housing since devolution and I am determined to see it benefit all parts of Scotland.

“We will work in partnership with councils and housing associations to deliver quality homes to meet local needs. This investment backs up our ambitions with financial certainty, meaning councils can plan homes now, with a guarantee of increased funding each year.”

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