Michael Russell the SNP MSP for Argyll and Bute has welcomed the announcement of a further £1.75 billion Scottish Government investment in affordable housing across Scotland, which includes £50.576m investment in Argyll and Bute.
Councils and house-builders across Scotland’s 32 local authorities will have the opportunity to plan ahead with grant subsidies guaranteed, for the first time, for the next three years until 2021.
In 2018-19, £532 million will be shared amongst local authorities – rising to £591 million in 2019-20 and £630 million in 2020-21.
Michael Russell MSP for Argyll and Bute said:
“The announcement that Argyll and Bute will receive £50.576 over the next three years provides the certainty that Argyll and Bute and the sector needs to keep progressing and ensure we keep up the momentum to reach the Scottish Government’s target of 50,000 new affordable homes by 2021.
“Increasing the supply of affordable homes is a key SNP commitment and plays a vital role in helping to tackle poverty and inequality in Argyll and Bute.
“Committing funding until the end of this parliament will help ensure that Scotland leads the way in building homes that are high-quality, efficient and affordable, and will strengthen our house-building sector and the estimated 14,000 jobs that the affordable housing supply programme supports each year.
“The SNP believes that everyone in Scotland deserves a warm, affordable home and with a huge number of affordable homes approved last year, we are making great progress towards that aim.”