Work to increase Aberdeenshire Council’s supply of affordable housing has received an extra boost with an allocation of £3.2 million from council reserves, and over £200,000 from developer contributions.
The funding, agreed by councillors on Policy & Resources Committee, will contribute towards a £39 million package of funding coming from Scottish Government and private finance to support with a range of housing initiatives.
The funding will support the supply of housing through a range of partners, including housing associations and Create Homes, the new initiative set up to provide mid-market rented housing in Aberdeenshire.
Chair of Policy & Resources, Cllr Martin Kitts-Hayes said: “We continue to work with partners across the public and private sectors to progress delivery of a range of housing projects.
“We are very clear that the lack of affordable housing is a key concern for local people and so I’m delighted to be able to demonstrate how Aberdeenshire Council will work alongside its partners to maximise the funding opportunities available to us.”
The funding will contribute to housing developments in Inverurie, Peterhead, Stonehaven, Marykirk, Turriff, Huntly, Kemnay, Fraserburgh, Westhill and Portlethen.
Developers’ cash contributions will be used to support affordable housing projects in Methlick and Kincardine O’Neil.
Create Homes Aberdeenshire purchased 12 mid-market rental properties in Westhill in 2015 which have all been leased and a further 12 have recently been acquired.
This programme will be further enhanced with plans for a further 15 homes in Ellon and 12 in Stonehaven during 2016.