So­cial hous­ing gets boost in Stir­ling af­ter funding deal

● Forth Hous­ing As­so­ci­a­tion project cov­ers 130 homes ● In­cludes funding from FHA and Bank of Scot­land

The Scotsman - - Business - By SCOTT REID sreid@scots­

Stir­ling is set for a so­cial hous­ing boost af­ter Forth Hous­ing As­so­ci­a­tion (FHA) un­veiled a £13 mil­lion, three-year plan to build scores of new homes.

The project is be­ing funded by an £8m grant from the Scot­tish Gov­ern­ment and a £4m loan from Bank of Scot­land, with the bal­ance com­ing from FHA and Stir­ling Council.

In to­tal, some 130 prop­er­ties will be built at sites across the city in a move to address the need for “high-qual­ity”, af­ford­able so­cial hous­ing in the area and im­prove liv­ing ac­com­mo­da­tion for fam­i­lies and vul­ner­a­ble peo­ple in the com­mu­nity. FHA cur­rently owns and man­ages some 800 homes in and around Stir­ling.

Mar­garet Turner, the as­so­ci­a­tion’s chair­per­son, said: “This is all part of our ef­fort to sup­port the Scot­tish Gov­ern­ment in de­liv­er­ing its tar­get of build­ing 35,000 new af­ford­able homes over the next five years.

“Get­ting on the hous­ing lad­der re­mains a big chal­lenge in this area as house prices and rents con­tinue to rise, so there is a con­sid­er­able de­mand for so­cial hous­ing lo­cally.

“This funding will help to address that need, pro­vid­ing lo­cal peo­ple with the kind of high-qual­ity, af­ford­able homes that they de­serve.”

The de­vel­op­ments will com­prise 76 one, two and three-bed semi-de­tached and ter­raced houses and flats through­out Raploch, 23 one, two and three-bed flats and ter­raced houses at John­stone Av­enue, Corn­ton, and 35 two and three-bed flats and ter­raced houses in Cul­tenhove.

Build­ing work will be com­pleted in phases, with work­ers al­ready on site on some projects, while oth­ers will not be­gin un­til next year.

Con­trac­tors Cru­den Homes (East) of Ed­in­burgh, Robertson Group in Stir­ling, and JB Ben­nett of Kil­syth will build the homes.

Dou­glas Spowart, re­la­tion­ship director, so­cial hous­ing and com­mer­cial real es­tate, Bank of Scot­land Com­mer­cial, said: “We’re proud to be able to sup­port Forth Hous­ing As­so­ci­a­tion, which is de­vel­op­ing and de­liv­er­ing so­lu­tions to the hous­ing pres­sures that are be­ing felt par­tic­u­larly keenly in Stir­ling.

“This funding helps to address a real need and will pro­vide a range of high-qual­ity homes that will suit res­i­dents with dif­fer­ent needs.”

He added: “We re­main one of the big­gest lenders to the UK so­cial hous­ing sec­tor and are com­mit­ted to help­ing Bri­tain pros­per by sup­port­ing or­gan­i­sa­tions like Forth Hous­ing As­so­ci­a­tion, which make a vi­tal con­tri­bu­tion to the city’s hous­ing market.”

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