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Scottish government allocates £22m in affordable housing bonds to Link and Cairn Housing Association
The Conservative shadow housing secretary says the investment is not new, and “a drop in the ocean” compared to cuts made to affordable housing in Scotland
The Scottish government will has announced it will allocate £22m in bonds to Link Housing and Cairn Housing Association to support the delivery of 150 affordable homes.
Link’s bond value is £16,006,385, and Cairn Housing Association’s bond value is £6,019,085.
The funding will be provided as part of Scotland’s Charitable Bond programme, which has been running since 2014 and provides loans to social landlords to deliver new affordable homes.
The interest generated from the bonds is reinvested by the Scottish Government into the affordable housing budget to support more homes for social rent.
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