Funding rise for affordable homes in Argyll & Bute

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More affordable homes will be delivered across Argyll & Bute this financial year following an increased funding allocation, to £16.2 million.

Increases have been guaranteed for the next three years, rising to £17.1m in 2019-20 and £18.3m in 2020-21.

Scottish Government investment will bring the overall funding for a all councils to £1.79 billion by 2020-21.

Housing Minister Kevin Stewart said: “Affordable housing is about more than just bricks and mortar – it provides safe, warm homes, and delivers great benefits for Argyll & Bute and the country as a whole.

“The most recent statistics show we have delivered almost 72,500 affordable homes since 2007 and we are on track to deliver at least 50,000 over this Parliament, backed by over £3 billion. That is the single biggest investment in, and delivery of, affordable housing since devolution, and I am determined to see that benefit every part of Scotland.

“We will work in partnership with councils and housing associations to deliver quality homes to meet the needs of Argyll & Bute, backed with financial certainty. It means the council can plan homes now, with a guarantee that funding will increase each year.”