Back in June 2017, I wrote on a similar report and headlined it:
only to be reminded by a reader that this was an SNP/Labour council, so I probably can’t blame the council as a whole for the amnesia this time. Nevertheless, it’s happened again in a Scottish Housing News report on 120 homes to be built for social rent over the next five years. Perhaps it was the interviewed Housing Convener, Danny Devlin (Independent), who forgot to remind the reporter of this important factor?
Readers will be interested to see that the Scottish government funding allocated for this purpose in 2017/2022 was expected to be £25 million.
120 houses, a £25 million subsidy, means more than £300 000 per house so the subsidy will presumably cover the full cost of the social-rent homes and subsidise other house-building by the council?