Greater certainty for housing providers.
Housing providers and the construction sector can plan more affordable homes thanks to an additional £200 million funding commitment announced today by Communities Secretary Aileen Campbell.
Ahead of the Scottish Budget in January, the interim funding available for the Affordable Housing Supply Programme in 2021-22 has been increased from £300 million to £500 million.
This will help provide funding certainty for local authorities, housing associations and the construction sector as they look to recover from the impact of coronavirus (COVID-19). The Affordable Housing Supply Programme helps to deliver homes for social rent, mid-market rent and shared equity.
Ms Campbell said:
“COVID-19 has underlined the value of home as a safe place to live. This announcement shows our dedication to continue delivering affordable, warm, secure homes for the people of Scotland and to build on our achievement of delivering nearly 96,000 affordable homes since 2007.
“By significantly increasing the funding able to be committed now, we are building on our record £3.5 billion commitment over this Parliament and our plans for further capital investment laid out recently in our draft Infrastructure Investment Plan. This will help the economy and the construction sector to recover from the pandemic while ensuring we maintain momentum in the delivery of social and affordable homes to those who need them.”