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Housing
Low Cost Home Ownership Opportunities
Communities Scotland co-ordinates the award of a grant called GRO-grant, which is
available to private housing developers, housing trusts (not registered housing
associations) and building societies to contribute towards the cost of providing
houses for owner occupation. The housing for sale provided by such a grant may be
new build or provided following the renovation of existing buildings.
There are three types of projects, which Communities Scotland may be prepared to
support:
- Projects which contribute to tenure diversification by introducing or increasing
owner occupation in priority housing estates of neighbourhoods as part of an area-based
regeneration programme.
- Projects which contribute to regeneration programmes in older urban neighbourhoods,
particularly where these are characterised by a limited supply of good quality houses
owner occupation or by limitations in the range of available house sizes and types
relative to demand.
- Projects which contribute to the provision of housing for owner occupation at affordable
prices in pressured market areas (usually in rural locations) where the supply of
such housing is limited in quality, or access for lower income households wishing
to become occupiers which is constrained by market forces.
Grants are limited to the minimum necessary to secure the success of the project.
The internal rate of return to the developer must fall between 8 to 12%. Grants
of up to 40% of the total project costs are available, although the overall average
grant approved is about 25%. Each project is appraised by Communities Scotland on
its own merits.
The grants may be conditional on priority being given to Council or Housing Association
tenants or those on their waiting lists, those on low income and first time buyers.
Completed properties are generally advertised for sale by the developer, but information
may also be available from the Communities Scotland Regional Office.
A comprehensive information pack is available from:
Communities Scotland
52/66 Newmarket Street
AYR
KA7 1LR
Tel 01292 611810
Fax: 01292 269095
Telephone: 0131 313 0044
Fax: 0131 479 5270
Website
www.communitiesscotland.gov.uk