Glasgow City Council's Executive Committee today (31 August) approved the next stage of its Affordable Housing Supply Programme (AHSP), with almost £67million to be allocated towards the development of affordable housing in the city in the current financial year (2017/18).
This funding will support the building of 882 new affordable homes by housing associations and private developers in Glasgow during the current financial year, as well as a further 402 affordable homes being made available after improvement works. In addition, a target for site start on 1556 new affordable homes has been set for 2017/18.
As part of the programme, £2.5million will be made available for medical adaptations to these affordable homes being built or improved in the city.
Councillor Kenny McLean, City Convenor for Neighbourhoods, Housing and Public Realm at Glasgow City Council, said: "I am delighted by the council's decision. The delivery of more affordable housing in Glasgow means a better quality of life and more opportunities for individuals and families, and is key to tackling poverty and inequality. We are committed to supporting the building of thousands of new affordable homes for sale and social rent in the coming years. I look forward to our affordable housing supply programme playing its part in the regeneration of the city, transforming our communities and bringing jobs and investment. New, high-quality, housing will lead to an improved environment for everyone in Glasgow."
The council manages the funding - allocated to registered social landlords and private developers - from the Scottish Government for affordable housing in Glasgow. This investment helps the council meet the priorities set in its housing strategy for the city between 2017-22.
Between the 2018/19 and 2020/21 financial years, the Scottish Government has provided the council with Resource Planning Assumptions that suggest the funding for the council's affordable housing supply programme will be - subject to committee approval - over £286million for that period. This is a significant increase from current funding levels.