Increasing the supply and improving the quality of housing across Scotland remains a key priority for SFT and our award-winning housing experts are working to put in place innovative solutions to increase the supply of homes for rent.
Working hand in hand with The City of Edinburgh Council, our housing team has created “Edinburgh Living”, a new provider of mid-market and affordable-market rent housing. The partnership will provide at least 1,500 new, high-quality homes in the capital over the next five years and represents an investment of nearly £250m in the city’s housing supply.
Edinburgh Living builds on the successful legacy of the National Housing Trust and will offer 750 homes for rent at mid-market rent, funded through a loan of £110m from the City of Edinburgh Council, supported with £16m of funding from the Scottish Government.
It will also create 750 homes for affordable market rent, funded wholly through a £138m loan from the City of Edinburgh Council; the first time that generally accessible build to rent housing has been funded at-scale by a Scottish local authority in a bold and innovative move by the Council.
The homes will be built across the city and will offer individuals, couples and families stable and long term housing options. The first homes for mid-market rent have been built in the Clermiston area of the city and will be occupied imminently. More homes are under construction in the Greendykes and Sighthill areas and are expected to be handed over to Edinburgh Living in early 2019, with more to follow throughout the year.
Convenor of the Housing and Economy Committee Cllr Kate Campbell, explained: “Edinburgh Living is an innovative partnership and will play an important role in providing much needed affordable housing in the city. As a responsible landlord, Edinburgh Living will offer a high level of customer service, good quality homes and excellent places to live. We’re very excited that the first tenants will be moving into Edinburgh Living homes before the end of the year.”
SFT’s housing team has begun work with other local authorities to establish the potential to replicate this partnership approach in other locations across Scotland.