A scheme which is expected to generate £130M in investment and will see 1,000 new homes built for rent is nearer fruition, a Government minister is expected to say.
Scotland’s Housing Minister Alex Neil will announce that a programme to construct properties to let in areas where people struggle to buy has taken another step forward.
The National Housing Trust (NHT) project will see homes built with loans backed by the Government.
Tenants will be able to rent homes for between five and 10 years in the programme, which is headed by the Scottish Government and funding body Scottish Futures Trust (SFT).
Neil is expected to reveal that 12 local authorities across Scotland have agreed to participate in the initiative.
The minister said: “Building more affordable homes across Scotland presents a formidable challenge in a climate of increasing financial constraint.
“The National Housing Trust model breaks new ground in the UK and I am delighted that so many councils have embraced this approach as one that can help solve housing pressures locally.”
Those who previously expressed an interest include Aberdeenshire and Glasgow.
The Scottish Government will underwrite the loan provided by the local authority to developers to complete mothballed sites.
The NHT procurement will be advertised on Thursday.