In an attempt to kick-start the Scottish housing market, a new National Housing Trust will be unveiled that will look to build 1,000 new homes and give councils up to £130 million to do up unused properties. The new properties, whether built or renovated, will be aimed at lower income owners and tenants with a focus on affordable homes for rent.
The injection of cash backs up previous schemes offering repossession advice and is also expected to create or secure around 1000 construction jobs and boost Scottish economy as a whole over the next few years. The money will be firstly apportioned to areas where there is a shortage of affordable housing, combined with a high demand for rentable properties.
