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17/06/2015

Approval Granted For New Housing

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The Scottish Government has granted approval for the development of new affordable homes in Edinburgh.

The 80 new properties will form part of the 1,000 homes earmarked for sites across the city.

The houses are being delivered through the National Housing Trust initiative (NHT).

Developed by the Scottish Government and Scottish Futures Trust, NHT is supported by a Scottish Government guarantee.

The development will be built on brownfield land and also includes Edinburgh West Retail Park along with private housing.
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The council has approved loans of over £110 million for almost 1,000 NHT homes at nine Brownfield sites in the city.

Four developments have been completed, while another is currently under construction.

The NHT initiative is on track to deliver over 2,000 new homes across Scotland without the need for a grant subsidy.

Housing Minister Margaret Burgess said: "This strategically important site in Edinburgh leads the way as the first development approved under the latest round of the National Housing Trust initiative (NHT).

"When complete, these 80 homes for mid-market rent will be a welcome addition to the supply of affordable housing in Edinburgh.

"Over 400 NHT homes have already been built with almost 600 more planned in the city.

"Housing is at the heart of the Scottish Government’s ambitions and we are on track to deliver our target of 30,000 new, affordable homes over the lifetime of this parliament."

(LM/CD)

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