Hundreds of affordable 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 today.

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. Mr Neil joined Councillor Norman Work on a tour of the development today.

The Council, Scottish Futures Trust and the Forth Ports Group are spearheading the Waterfront development, which is being built by Hart Builders.

Councillor Work said: “The City of Edinburgh Council is delighted to work in partnership with Scottish Government, Forth Ports and Scottish Futures Trust in enabling this development, which includes the 2000th National Housing Trust home across Scotland.

“The Council has committed over £100 million for NHT in Edinburgh, and this will deliver almost 900 affordable homes throughout the city. Edinburgh has a shortage of affordable housing and this 234-home development will make a significant contribution towards the regeneration of Western Harbour and creating an integrated sustainable community.

“Edinburgh is a growing city and meeting the need for new, good quality and good value homes is a major part of the Council’s Capital Coalition commitment to ensure that the city's residents are well housed. The Council will continue to seek innovative funding solutions through collaborative working partnerships to deliver affordable homes”.

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.

“Edinburgh has wholeheartedly embraced the NHT, the first guarantee-based model for housing in the UK, as one that can help ease the city’s housing pressures.

“People in the capital will have access to a quality home at an affordable rent, and the NHT model allows them to save for a mortgage whilst staying in the home that they may be able to buy.

“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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