Following the Housing (Scotland) Act 2001 and the transfer of rented housing from Glasgow City Council to Glasgow Housing Association in March 2003, Glasgow City Council assumed control of the Housing Investment Budget for the city under the terms of the Transfer of the Management of Development Funding in September 2003.
Since then the Council's Housing Development Funding section has funded housing developments by Housing Associations, Private Housebuilders. charitable organisations and awarded grants for refurbishment to house owners. Between 1 September 2003 and 31 March 2011, funding of over £600m has been awarded, resulting in nearly 8,600 dwellings being built or improved. In addition, around 800 adaptations are funded each year which enable people with disabilities to remain in their homes.
Currently, our funding operates within the Scottish Government's Innovation and Investment Fund and details of this year's programme will be published shortly.
The majority of our programme is aimed at enabling Housing Associations to provide social rented housing for general and particular needs. Other housing options being funded are Mid-Market Rent, Improvement for Sale and New Supply Shared Equity. This allows first-time buyers and others to purchase at 60% of full market value. Nearly 1,000 of these units have been provided city-wide.