A five-year housing plan which could see £163million invested in affordable housing in the region is to be discussed next week.
Scottish Borders Council’s executive committee meets next Tuesday (November 29), to identify how local housing needs and priorities will be addressed.
Between £8.6 million and £15 million a year is expected to be available to the region from the Scottish Government’s Affordable Housing Supply Programme and it is estimated that, with additional private sector borrowing by registered social landlords, almost 1,200 new affordable homes could be delivered between 2017 and 2022.
Mid Berwickshire councillor Frances Renton, SBC’s executive member for social work and housing, said: “At this time, providing various issues are resolved and funding secured, there is real optimism that over the next five years we will see a significant number of affordable homes built right across the Scottish Borders, potentially more than double the number delivered in the previous five-year period.
“This will provide vital accommodation for local people and families, enabling them to live and work in their communities, while also providing a welcome boost to the local building industry.”
In the first two years of the new affordable housing programme, a total of 449 affordable homes are estimated for delivery across the Scottish Borders at Kelso, Lilliesleaf, Duns, Eyemouth and Oxton.
Between 2012 and 2016, 467 new affordable homes have been built, through a variety of funding mechanisms, exceeding targets.