Date lodged: 17 August 2018
To ask the Scottish Government what assessment it has made of the (a) use and (b) value of properties renovated through the (i) Town Centre Housing Fund and (ii) Empty Homes Loan Fund; how many properties renovated through each fund (A) are and (B) are not classed as affordable, and what information it has on the subsequent rental and sales value of each property that received funding.
Answered by: Kevin Stewart 4 September 2018
All 75 Town Centre Housing Fund units were for affordable housing. The proposed rent levels for these units were requested at application stage and considered during the assessment process, including assumed annual rent increases. No subsequent assessment has been made on the use or value of properties.
All homes renovated with the help of funding from the Empty Homes Loan Fund have been made available for affordable housing either as rentals or homes for sale. Rent levels vary depending on type; social rent, intermediate (mid-market) rent; and the private sector leasing scheme for homeless households. For intermediate rented homes, starting rents are below the current Local Housing Allowance (LHA) rate for the area/property size. Sales values are capped at the Scottish Government’s Open Market Shared Equity thresholds for the relevant area.