Glasgow housing associations 'borrowing £100,000 to build one property'

“The quality element is not something we want to compromise on.'

Some housing associations in Glasgow are borrowing £100,000 to build just one high quality home, a councillor has told a meeting.She made the claim at a full council meeting yesterday as councillors revealed plans to erect about 6,500 affordable homes up to 2028.They agreed to ask the Scottish Government for £535 million to deliver the properties as it prepares to submit its Strategic Housing Investment Plan.

The politician said some registered social landlords have to borrow £100,000 per home - pointing out they could be delivering 50 units. Another issue is designing new housing to the Glasgow Standard, which has higher energy efficiency requirements.“I think our developing housing associations in the city tend to borrow in order to deliver developments.”

Ten per cent of all homes in developments of 20 properties and above must be wheelchair readily adaptable.

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