Aberdeen City Council has agreed funding plans for hundreds of affordable housing over the next five years.
The Strategic Housing Investment Plan (SHIP) for the period 2019-24 will now be submitted to the Scottish Government for sign off.
The SHIP reinforces the local authority as the strategic housing authority and describes the funding mechanisms that will deliver good quality homes that meets residents’ needs under the newly-adopted Local Housing Strategy (LHS).
Aberdeen's LHS identifies an affordable housing target of at least 342-384 properties every year.
The SHIP demonstrates when and where Aberdeen City Council and its partners intend to deliver dwellings and will be updated in response to any opportunities that arise from discussions with and Registered Social Landlords (RSLs) and housebuilders.
Overall the SHIP currently shows the potential to deliver 2,037 units in the next five years from grant funded development by the Council and RSLs.
These include a mix of Social Rent 1,473, Mid-Market Rent 529 and Low-Cost Home Ownership 35.
The predicted spend is £18.133m in 2019/20 and then £19.436m for the following four years – a total investment of £96m.
In 2017/2018 there were 367 affordable housing completions offering mix of tenures including social rent, mid-market rent and low-cost ownership. Locations included Dubford, Middlefield, Countesswells, Milltimber and Cove.
A projected 410 units will be completed in 2018/2019.
Aberdeen City Council has made a commitment to build a further 2,000 council homes for social rent over the next five years.
The committee approved the allocation of £13.4m of Section 75 agreement monies – contributions made by developers – and from Council Tax income on second homes for the Council house new build programme.