Thursday 26 November 2009

Anyone got a spare £200 million?

News just in from APTTreas who spotted this article from Tuesday:

"The Scottish Government is considering setting up an agency with millions of pounds to buy unsold homes for council housing, reports suggest.

The Sunday Herald
has reported the government is looking at setting up a body called the National Housing Trust, which would rent homes to people on low or middle incomes who do not qualify for housing association support.

The trust could buy 2,000 new unsold homes in Scotland using a ‘cautious estimate’ of £200 million borrowed by local government. There would be no direct government funding."

More here

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