Minister opens new £14m affordable housing development
Published by Max Salsbury for 24dash.com in Housing and also in Central Government, Development
Scotland's deputy first minister has opened a new £14 million affordable housing development in Glasgow.
Partick Housing Association (PHA) was given £7m by the Scottish Government through Glasgow City Council for the Centurion Way project, which offers 43 homes for social rent, 22 for shared equity sale and 22 for mid-market rent.
Centurion Way is the first mid-market rent scheme to be funded under the council’s development programme, a product designed to provide affordable rented housing for people who cannot afford to buy or rent privately and who are unlikely to qualify for social rented housing.
Council research found that around 10% of Glasgow households could be in this position.
PHA is in a prime location to deliver mid-market rent as Partick is an area of high housing demand, with a low number of social rented homes, a thriving but expensive private rented sector, and an economically active but low income community.
In the West End private rents for a two-bedroom flat are around £700 per month. PHA is offering its mid-market rent homes from £473 per month for a one-bedroom flat to £575 for a three-bedroom flat.
Deputy first minister Nicola Sturgeon said: “This new development of affordable, energy efficient homes is vital for this pressured housing market area. Centurion Way is ideal for people who cannot afford their own home but do not qualify for social rented housing.
“It will be a fantastic addition to the community and I know that the new residents will enjoy living here.”
Alastair Firth, PHA chairperson, said: “We are delighted that the deputy first minister has officially opened our new development.
"Our vision at PHA is to be close to the community – working in partnership to deliver high quality homes and services.
"Centurion Way has been transformed from an old railway siding into a high amenity area and will provide people with a variety of options for good quality, affordable and energy efficient housing.”