80 new affordable homes are to be built in Edinburgh as part of almost 1000 homes earmarked for sites across the Capital.
The Scottish Government says homes delivered through the National Housing Trust initiative (NHT) offer affordable mid-market rents, helping tenants to save a toward purchasing a property.
Developed by the Scottish Government and Scottish Futures Trust, NHT is supported by a Scottish Government guarantee.
The development, on brownfield land at the former Fruitmarket, will also include Edinburgh West Retail Park and private housing, and contribute to the regeneration of the area.
The City of Edinburgh Council has approved loans of over £110 million for almost 1,000 NHT homes at nine Brownfield sites in the city, with four developments completed and another currently under construction.
Across Scotland, the NHT initiative is on track to deliver over 2,000 new homes, all without the need for grant subsidy.
Housing Minister Margaret Burgess said, “This strategically important site in Edinburgh leads the way as the first development approved under the latest round of the National Housing Trust initiative (NHT). NHT is a pioneering example of creative working amongst the public, private and non-profit sectors.
“When complete, these 80 homes for mid-market rent will be a welcome addition to the supply of affordable housing in Edinburgh. Over 400 NHT homes have already been built with almost 600 more planned in the city.”
