Housing regulator Communities Scotland plans to spend £226m on housing projects in Scotland.
The one-year-old agency outlined its development priorities for the current financial year in its investment programme this week.

It plans to invest more than £344m, of which £226m will be spent on Scottish housing.

This will enable 5200 new and improved homes to be completed.

And work will be started on another 4700 homes for rental through housing associations.

In addition, £90m will be allocated to regeneration initiatives, including £74m for the Reviving Communities programme. The funding will also attract a further £121m from private sector investment, which the agency argues is vital to ensure more is done for local communities.

The investment aims to fulfil three core objectives: empowering communities; regeneration; and making legislation more effective.

A deficit fund of nearly £23.6m has been allowed for Scottish homes transferred with a negative valuation over the period 2000/2001-2007/2008. There is also a fund of £5m for improvement to older, below-tolerable-standard properties with a large number of residents from ethnic minorities.

The rural investment programme will be £48.1m, which represents 24% of the capital programme.

Funding will also be made available for 48 social inclusion partnerships and two city-wide alliances.

Source

Housing Today