Over £590 million will be made available for 2017/18 to increase the supply of affordable homes in Scotland.
Councils across the country will share £422 million to deliver more affordable homes in their local communites. 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 £18 million compared to last year.
Communities Secretary Angela Constance 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.
“We’re 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 £3 billion. This major and increased investment for 2017/18 that I’m announcing today supports our ambitious commitment.”
The Scottish Government’s extra homes pledge is expected to support, on average, 14,000 jobs a year in construction and other related industries over the next five years.