Targetfor affordable homes
Perth and Kinross will be part of an ambitious development programme that will see it aim to deliver an estimated 2003 affordable new homes over the next five years.
A minimum of 70 per cent of the new homes will be for social rent with the remainder being mid-market rent properties.
Developing affordable housing in Perth and Kinross, as well as Fife, Falkirk, and Clackmannanshire both for Kingdom and for its partners supports the Scottish Government’s Housing 2040 Strategy and its goal to deliver 100,000 affordable homes by 2031/32.
Interim head of capital investment at Kingdom Julie Watson said: “Kingdom’s 2020/21 development programme generated a total investment of over £60m, more than four times the total investment in 2015/16, which demonstrates our ongoing commitment to building great homes and great communities.
“Our future build programme also recognises our commitment to providing high quality, highly energy efficient homes which not only saves our tenants money in fuel costs but also contributes to Kingdom’s strategic objectives in terms of sustainability and climate change.”
Kingdom Group chief executive Bill Banks added: “We pride ourselves on our collaborative approach to the delivery of affordable housing and have alliance agreements in place with Fife, Glen and Ore Valley HAs through the Fife Housing Association Alliance (FHAA) and Ochilview HA in Clackmannanshire.
“Significant levels of investment were made by the Scottish Government to help affordable housing providers deliver on its 20162021 housing goals and at Kingdom we look forward to working closely with the Scottish Government and other funding partners to deliver our ambitious development programme over the next five years.”