Hundreds of homes for Edinburgh

The National Housing Trust initiative (NHT) will deliver almost 900 affordable homes for rent in Edinburgh, Social Justice Secretary Alex Neil revealed this week.

The City of Edinburgh Council has already delivered more than 400 NHT homes with hundreds more in the pipeline.

The latest 234-home development at the Western Harbour brings the total number of NHT homes approved across Scotland to more than 2,000.

The Scottish Government’s financial innovation is unlocking strategic sites for housing development across the country, delivering more homes for less public investment.

Mr Neil said: “The contribution from innovative financing approaches, such as NHT, using government guarantees, loans, grant recycling and new sources of private funding is substantial and growing.

NHT, which is providing affordable homes without the need for grant subsidy, has reached a milestone with over 2,000 homes approved for construction.

More generally, we have exceeded our target to deliver 30,000 affordable homes in this Parliament including over 20,000 homes for social rent.

Our new target to deliver 50,000 affordable homes over the next five years is bold, credible and affordable. This is a 67 per cent increase in completed homes over the next five year period.”

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