More affordable homes for the Highlands
House builders encouraged to sign up to scheme
The National Housing Trust initiative (NHT), which is already delivering more than 1000 new affordable homes across Scotland, allows developers and councils to jointly fund the purchase of new homes, with local authority loans being underwritten by the Scottish Government.
Homes are available for rent at below market rates for five to 10 years before being sold, with tenants given priority to buy at the end of the rental period.
Housing Minister Margaret Burgess said:
“The initiative has already been hugely successful, providing hundreds of new affordable homes for families throughout Scotland, as well as stimulating growth and supporting hundreds of jobs in the construction sector and wider economy.
“This new procurement round will build on the good work already carried out and create even more affordable homes for rent in the Highlands.
“Despite Westminster’s drastic cuts to our capital budget the Scottish Government remains committed to doing everything it can to stimulate growth and deliver more affordable homes for people across Scotland.
“I would urge house builders to embrace the opportunities offered through this latest procurement round.”
Councillor Dave Fallows, Chairman of The Highland Council’s Finance Housing and Resources Committee said:
“We are delighted to be participating in the next round of the NHT housing initiative with a commitment to fund a further 50 new homes for mid-market rent. This builds on the success of the first two rounds which has seen 135 new homes built in the Highlands. This is more good news for the Highlands.”
Christa Reekie, Commercial Director at the Scottish Futures Trust said:
“The Highland Council has already participated in NHT and we are delighted that it has decided to procure more homes under NHT.
“Whilst meeting the needs for affordable housing for rent, the NHT initiative, currently worth £150 million, has also been designed to aid the economy and keep people in jobs by allowing developers and house builders to kick-start construction on stalled sites.
“We are confident that The Highland Council will receive very competitive tenders from local builders and developers keen to get construction moving again on their sites.”
New NHT homes are already being provided in Aberdeen, Clackmannanshire, Dumfries and Galloway, Dundee, Edinburgh, Falkirk, Fife, Highland, Scottish Borders and Stirling.
The tender advert for the procurement can be accessed through the following link:
More information about the NHT initiative is available at: http://www.scotland.gov.uk/nht