Glasgow is to get almost 10,000 new affordable homes in five years after councillors approved ambitious building plans
Glasgow Council’s administration committee voted in favour of the city’s Strategic Housing Investment Plan (SHIP) last week.
The plan requires £600 million in grant funding and is expected to attract a similar level of private investment.
Quality design is one of five principles outlined for housing investment in the document, along with community benefits, energy efficiency, digital and technological innovation, and tackling fuel poverty.
The SHIP forms part of Glasgow’s Housing Strategy, which prioritises regeneration, improving existing housing stock and boosting health and wellbeing.
Kenny McLean the council’s convener for neighbourhoods, housing and public realm, said: ‘The council is committed to making sure that people and families in Glasgow have access to affordable housing, a cornerstone in our aims of improving the quality of life for many Glaswegians and giving everyone in the city the opportunity to share in our economic growth.
‘A five-year plan such as this allows the council and our housing partners in the public and private sectors to plan ahead, in order for us to deliver the targets set for affordable homes in the city.’
The draft SHIP for Glasgow will now be submitted to the Scottish Government.
Meanwhile, an innovative funding scheme, the Charitable Bond Investment Programme, has raised more than £15 million for affordable housing projects across Scotland. Interest accrued on the bonds is donated to charity, which Scottish Ministers have committed to social housing.