Housing

– Scottish Parliament written question – answered on 11th March 2011.

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Photo of Mary Mulligan Mary Mulligan Labour

Question S3W-39953

To ask the Scottish Executive, further to the answer to question S3W-39113 by Alex Neil on 7 February 2011, what the estimated cost is of guaranteeing the loan finance of local authorities involved in the first tranche of National Housing Trust houses.

Photo of Alex Neil Alex Neil Scottish National Party

Based on modelling by the Scottish Futures Trust, with input from the Scottish Government, it is currently estimated that the cost of guaranteeing the loan finance of local authorities involved in the first tranche of the National Housing Trust initiative (NHT) will be approximately £2,500 per unit. The actual level of funding set aside to support the scheme will depend on the number and details of the homes supported through the first phase of procurement, and the financial assessments of developments at the point they are finally approved to proceed.

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