Top-up for bond scheme seeking to boost ‘affordable’ housing provision
A TOTAL of £25m has been added to a previous £80m, to help increase the delivery of ‘affordable’ housing in Scotland.
It follows the expansion of a scheme known as Charitable Bond, by the Scottish Government, which involves loans to ‘affordable’ housing providers – such as housing associations – with the interest earned being returned to the sector in the form of grants.
Says the Scottish Government, here: “The Scottish Government had previously committed (in November last year, as noted, here) to provide up to £80 million through the programme in this financial year, and today’s announcement marks an additional investment of £25 million. This is on top of the £260 million investment in affordable housing delivered by the programme since 2014.”
The announcement last November, said: “Since 2014, more than £260 million in loans have been made to housing associations across every corner of Scotland through the programme, generating almost £50 million in grants.”
Among the housing associations taking part in the scheme is Fife-based Kingdom Housing Association.
Pictured: ‘Affordable’ housing under construction, Bruntsfield, Edinburgh, Picture credit: Place Design Scotland
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