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02/11/2017

Glasgow sets sights on nearly 10,000 new affordable homes

Words: Roger Milne
Glasgow / iStock-184359710

Glasgow councillors have signed off on proposals to spend more than £1 billion on nearly 10,000 new affordable homes over the next five years.

Under this scheme, Glasgow City Council plans to contribute £600 million with a similar amount coming from private investors.

According to the council’s draft Strategic Housing Investment Plan (SHIP), this latest programme should deliver 9,975 affordable homes and will target brownfield sites.

“The new housing delivered via the SHIP will contribute to the continuing regeneration of Glasgow’s neighbourhoods. It will provide opportunities for people to access much-needed high-quality homes across a range of tenures, helping to promote sustainable mixed tenure neighbourhoods”, stressed the document.

The plan “will facilitate significant investment in the construction industry with additional associated benefits in the form of jobs and training opportunities and benefits to small and medium enterprises”, members were told at a committee meeting today (2 November).

The SHIP will require Scottish Government approval.

The City of Edinburgh Council has outlined a detailed plan to deliver the first phase of the Capital Coalition’s commitment to build 20,000 affordable homes over the next 10 years.

Over the next five years, the programme is expected to deliver nearly 8,000 affordable homes with over 5,000 of those homes forming part of the Scottish Government funded Affordable Housing Supply Programme. Around 70 per cent of those homes are for social rent, with the remainder being for mid-market rent and low-cost home ownership

Image credit | iStock

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