June 24 2009

East Lothian Council is to spend an additional £100m over the next five years in order to provide 1000 affordable homes.

Currently the council is left with around 8,000 properties after 50% of its stock was sold under “Right to Buy” legislation and last year over 5,000 people were on the waiting list for a home against a turnover of only 300.

These figures, alongside a stated desire to stimulate the construction industry, prompted the council to open its coffer and will necessitate an increased borrowing requirement.

Post your comments

Your name (required)
Your email (not displayed)
Comments (required)
	All comments are pre-moderated and must obey our house rules.