200 new homes for Greenock announced by Oak Tree Housing Association

March 26, 2019

Well needed plans for four developments across Greenock have been announced by Oak Tree Housing Association that will hopefully see 200 new homes with an investment of £33 million that includes £18 million of funding via the Scottish government.

The project is hoped to be delivered by 2021 with works starting in 2019 – Homes will be all for social rent with a selection of cottage flats, terraced houses and back / front door detached. Provision will also be made for homes adapted to those with special needs.

Oak Tree chief executive Nick Jardine was quoted as saying:  “We are delighted to welcome Sally Thomas to Inverclyde as we embark on this significant new build programme at Auchmead Road, with Bow Farm, Ravenscraig and Strone Farm developments coming on stream during 2019.

“his is all part of our drive to continue to identify key development opportunities that can help us improve the lives of our tenants and wellbeing of our communities, while delivering on the strategic housing objectives for Inverclyde. It will also mean an enhanced social housing portfolio for us, bringing our total stock to nearly 2,000 properties and contributing towards the Scottish Government’s current target to deliver 50,000 affordable new homes across Scotland.”

The project is one of many planned so that the Scottish government can reach a target of 50,000 affordable homes to be provided by 2021.

Full story can be read on the Scottish Housing News website.

EAN Breaking News

Breaking News from the team at Estate Agent Networking. Have a new story to share with us? Then please get in contact today! When and where we can we will refer to third party websites with a 'live link back' where news was released first.

You May Also Enjoy

Breaking News

Weekly News Roundup – 19/04/24

A roundup of the week’s top property and proptech news stories in partnership with Proptech-X Table of Contents Ascendix deep dives into the world of the AVM CEO Adam Pigott on tour in Norfolk with tlyfe App VTS Activate Multifamily launches   Ascendix deep dives into the world of the AVM This month Yana Yarotska from Ascendix…
Read More →
Breaking News

Breaking Property News – 18/04/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Scotland to get to Net Zero by 2045 in stunning U-turn Because of its serious implications here in full is the Scottish ‘apology or explanation’ why it thinks it is OK to let the planet burn for the next two decades. Net Zero and…
Read More →
Breaking News

Breaking Property News – 17/04/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   CEO Adam Pigott on tour in Norfolk with tlyfe App Full disclosure CEO Adam Pigott and his team are one of my earliest clients, so it is always a pleasure to hear what they have been getting up to. And this week they were…
Read More →
Love or Hate Rightmove
Breaking News

Rightmove’s weekly mortgage tracker

Headlines The average 5-year fixed mortgage rate is now 4.84%, up from 4.45% a year ago The average 2-year fixed mortgage rate is now 5.23%, up from 4.77% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.77%, up from 4.46% a year ago The average 60% LTV 5-year fixed mortgage…
Read More →
Rightmove logo
Breaking News

Rightmove comment on inflation reducing to 3.2%

UK inflation slowed less than expected last month, making traders and economists more cautious about the likely pace of interest rate cuts. Matt Smith, Rightmove’s mortgage expert said: ‘It’s positive to see inflation continuing to fall this morning, albeit not by quite as much as expected, as the blocks continue to build towards the anticipated…
Read More →
Estate Agent Talk

Multifaceted Rewards of Vineyard Estates: Investing in Vineyard Estates in Provence for a Fulfilling Lifestyle Business

Vineyard estates provide an exceptional opportunity to invest in a lifestyle business that aligns with a passion for crafting something unique, freedom for creativity, and business interests while harmonizing with the rhythms of nature. In Provence, you can invest in winemaking and foster authentic connections with the land and community while enjoying your returns. It’s…
Read More →