KINGDOM Housing Association has received a donation of almost £4.9 million from the Scottish Government for the development of 60 homes for social rent in Alloa.
Delivered through the Scottish Charitable Bond programme, managed by Allia C&C, the cash will be used on a development in Primrose Street that is committed to providing a housing solution to maximise the time the local ageing community can remain in their own homes.
Advice from Architecture & Design Scotland and care and dementia experts has been considered in the design to incorporate future-proof elements such as dementia-friendly features and mobility scooter charging points.
The new homes will meet Housing for Varying Needs standards and achieve Secured by Design Gold standard. Community Benefits associated with the project will include the creation of jobs and apprenticeship opportunities, as well as work placements and school curriculum support.
Bill Banks, Kingdom Group chief executive said, “We welcome the donation from Allia C&C for the site at Primrose Street, Alloa. The current situation unfortunately means the start date for the contract is uncertain. When we are in a position to take the development forward the 60 new homes will bring a fresh lease of life to a site which has sat mostly unused for a number of years. The properties include 2, 3 and 4-person apartments suitable for older tenants or tenants with particular housing needs and I’m sure the future residents will enjoy living in their safe and secure new homes.”
Daniel Carrico, head of origination at Allia C&C added, “We’re absolutely delighted that Kingdom Housing Association have received this donation from the loan interest generated by our Scottish charitable bond programme. With the creation of 60 new affordable homes, it shows the added benefit our programme delivers to the Scottish housing sector, along with the wider social impact on communities.”