GLASGOW City Council is to receive £120million from the Scottish Government to help deliver new affordable housing, in partnership with social landlords.
The allocation will be used to fund around 780 new housing approvals and will see the completion of over 1,453 homes in Glasgow during 2021/22.
The award is the highest level of annual funding that Glasgow City Council has received since the transfer of the management of development funding from Scottish Government in 2003.
It means that the total amount received for affordable housing since 2003 is almost £1.3 billion.
The council has used this to deliver 14,560 homes in Glasgow through its work with housing association partners.
Councillor Kenny McLean, city convener for neighbourhood, housing and public realm at Glasgow City Council, said: “We are delighted with this record funding award which will help the city as we recover from the pandemic, not only providing high-quality, low-carbon housing for residents in the city but also bringing a much-needed boost to the construction industry which will protect and create jobs.
“This funding will deliver economic, environmental and social benefits throughout Glasgow.”