The Scottish Government has announced that it is to make over £590 million available for 2017/18 to increase the supply of affordable homes in Scotland.
Councils across the country will share £422m in grant subsidy to deliver more affordable homes in their local area. 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 £18m compared to last year.
Renfrewshire Council will receive £11.521 million as part of this deal, over £2million more than was expected as the council had planned for an allocation of £9.217m in 2017/18.
Councillor Mags MacLaren, the SNP’s housing spokesperson in Renfrewshire Council said: “This additional investment to increase the supply of affordable homes in Renfrewshire and across Scotland is to be welcomed.”
“This is good news for Renfrewshire and will help the council and its social housing partners to build more affordable housing.
“This is additional funding that could, for instance, be used to build more council housing.
“Thanks to the SNP Scottish Government, Renfrewshire can expect an additional £2.3 million for next year’s affordable housing fund.”
Communities secretary Angela Constace 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 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.”