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New National Housing Trust homes announced

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Published by Max Salsbury for 24dash.com in Housing and also in Development

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Scottish Housing Minister Margaret Burgess will today announce that over 170 new affordable homes will be delivered across Scotland as part of the National Housing Trust initiative.

Burgess is set to make the announcement during a visit to a planned residential and commercial development in Rosyth, where 62 new NHT homes are being built.

The new round of NHT deals will also see 79 new homes built in Aberdeen and 32 in the Highlands.

The minister said: “I am delighted to announce the latest round of deals under the National Housing Trust initiative, which will deliver over 170 brand new and affordable homes to rent in Rosyth, Aberdeen, Inverness and Ardersier.

“Developments such as the new Hilton community in Rosyth not only provide a boost for our construction sector and wider economy, but also offer people and families the chance to rent or buy a new home at affordable rates.

“I have met NHT tenants all over Scotland and have heard how delighted they were to be offered new, high quality homes which met their needs, and how quickly they settled in.

“NHT continues to go from strength to strength, and today’s announcement brings the total number of homes to be delivered through the initiative in communities across the country to over 1,700 – all for very little taxpayers’ money."

The original NHT model allows developers and councils to jointly fund the purchase of new homes, with local authority loans to the initiative being underwritten by the Scottish Government.

Under the original NHT model, homes are available for rent at below market rates for five to 10 years before being sold, with tenants given priority to buy at the end of the rental period.

Over 1700 NHT homes are being delivered in communities across Scotland, with even more in the pipeline.

Christa Reekie, commercial director at Scottish Futures Trust, which works with local authorities to deliver NHT homes, said: “Based on the outstanding success of the NHT initiative a further phase was launched to help meet demand.

“I am delighted that so far three contracts have been signed to build over 170 additional new homes across three council areas, providing local people with high quality housing at affordable rent levels.

“Importantly, the initiative also continues to help to safeguard jobs in the construction industry.”

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