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 (TMDF) in September 2003.
The budget is used to invest in housing developments in the city.
Housing Services manage the Affordable Housing Supply Programme and for Glasgow. The Council works with Housing Associations, private house builders and charitable organisations to develop and deliver new affordable homes. Details of the Affordable Housing Supply Programme are included inn the annual performance review document.
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, New Supply Shared Equity.
Partnership Support for Regeneration Grants (PSR) are provided to eligible applicants to build houses for sale in areas with little or no private housing and to help meet local shortages.
PSR provides eligible organisations with the minimum level of gap funding which bridges the gap, wholly or in part, between the cost of a development project and the sales value of the houses upon completion. This is normally provided to private developers.
There are exclusions to who and how the grant is used and the grant needs to target a range of priority groups.