Hundreds of new affordable homes for Edinburgh
Council forecasts construction jobs bonanza for Capital.
Housing developers are being invited to submit bids to deliver up to a further 500 new affordable homes for rent in Edinburgh, Housing Minister Margaret Burgess announced today.
The City of Edinburgh Council estimates that the building activity will support around 800 jobs in the local and national economy.
The ground-breaking National Housing Trust initiative (NHT) allows developers and councils to jointly fund the purchase of newly-built homes, with local authority loans to the scheme being underwritten by the Scottish Government.
Homes will be available for rent below market rates for five to 10 years before being sold, with tenants given priority to buy.
The council has already provided loans of over £45 million for 422 NHT homes, with the construction of a further 94 homes at the city’s Western Harbour area due to start soon.
The Scottish Futures Trust, which is responsible for taking forward the NHT initiative, expects the number of NHT homes delivered in communities across the country to exceed 2,000.
Mrs Burgess said:
“I am delighted to announce this new round of NHT procurement, which could deliver up to 500 new affordable homes for rent in Edinburgh.
“Hundreds of NHT homes have already been delivered in the Capital, and I have been delighted to meet families who have benefited from having new, high quality homes that have met their needs.
“NHT continues to go from strength to strength and is well on track to deliver over 2,000 much needed new homes in communities across the country – all for very little taxpayers’ money.
“Despite Westminster’s cuts to our capital budget the Scottish Government is doing everything possible to stimulate growth, maximise our investment in housing and deliver our target of 30,000 new, affordable homes over the lifetime of this parliament.”
Edinburgh's Housing Leader Councillor Cammy Day said:
"NHT has been a great success in Edinburgh with huge demand for these affordable homes.
“We have responded to this demand with this new round of NHT, which will enable new affordable rented homes to be built.
“A major part of the Council’s Coalition commitment is to ensure that the city's residents are well housed and we will continue to work with partners to invest in affordable homes.
“The Council has already provided loans of over £45 million for previous phases of National Housing Trust, enabling 422 affordable homes to be built at Telford Road, Lochend, Granton Waterfront and Sailmaker Road.
“This is an innovative way of providing quality affordable housing, supporting local jobs and the local economy.”
Christa Reekie, Commercial Director at Scottish Futures Trust, said:
“The City of Edinburgh Council has fully embraced the NHT initiative from the very start when it was launched in late 2010.
“So far the Council has over 420 NHT homes across five sites and construction of an additional 94 more homes will start soon.
“To date, contracts have been signed to build over 1,250 NHT affordable-rent homes through the original council developer model at 32 locations across 10 local authority areas, and we are confident the total number of new NHT homes across Scotland will exceed 2,000.
“Currently the NHT programme is attracting additional investment of nearly £190 million and has helped protect over 1,800 jobs.”
Bids must be submitted by the deadline of noon on 14 November using the following link:
Further information about the NHT initiative can be found at .