Affordable homes fund for Ayrshire

South Ayrshire Council is to get a share of a £300 million fund to increase the supply of affordable housing.

All 32 of Scotland’s local authorities have today (Tuesday) been allocated a share of £300 million in subsidy for affordable homes.

This is part of the Government’s investment of £391 million to the Affordable Housing Supply Programme (AHSP) in 2015/16.

The remaining £91 million will be managed centrally, with £30 million for the Low Cost Initiative for First Time Buyers, £10 million for the Home Owners Support Fund, and funding for increased subsidies for homes built to a greener standard.

The rest will go to other affordable housing projects, including those that promote innovation.

The funding will support delivery of over 6000 affordable homes, including 4000 social homes.

The funding for councils comes on top of an extra £27 million which was added to their 2014/15 allocations earlier this month , and brings the Scottish Government’s four-year investment in local programmes to over £1 billion, out of a total AHSP budget of £1.35 billion.

Housing Minister Margaret Burgess said: “This is a substantial funding boost that will support house building across Scotland.

“We have listened to councils and housing associations and put in place a system of funding for housing which will provide greater certainty and allow councils to make plans for the future.

“Housing is and will remain a priority for this Government and we will continue to invest in new affordable homes despite the severe cuts to our budgets by the UK Government.”