In the FT today:
The Scottish government is scrapping a flagship housing scheme designed to help buyers into affordable housing, blaming the Treasury for forcing it into deep budget cuts. As well as hindering first time buyers looking to get on to the housing ladder, the scrapping of the scheme is likely to inflame already fraught tensions between Westminster and the devolved government in Scotland.
I haven’t researched the topic so this post may be more of a starter for those of you better-informed but, I’d have thought it better to spend funds on subsidising public sector affordable housing and keeping it available at affordable rents. I’m reminded of the loss of sheltered housing for the elderly, often now occupied by the young and paying high rents for the privilege. My mum, 90, lives in a row of such where most neighbours are under 60.
Scotland is doing relatively better in the provision of affordable homes:
From Housing Statistics for Scotland Quarterly Update published by the Scottish Government:
Between 2007/08 and 2017/18, the annual average supply of affordable housing per head of population in Scotland has been 13.4 homes per 10,000 population, higher than England (9.5 homes per 10,000 population), Wales (7.6 homes per 10,000 population), and Northern Ireland (10.2homes per 10,000 population). In 2018/19 the figures were 17.5 homes per 10,000 population in Scotland, 10.2 in England, and 8.2 in Wales.
Scotland is making good progress toward its target of 50 000 affordable homes by May 2021 with 25 000 (50%) already delivered.
I don’t know, however, what proportion is in the public sector.