Deciding against waiting any longer for the housing market to pick itself up, the Scottish Government have announced the formation of the new National Housing Trust. The Trust will try to kick-start the Scottish housing market by building 1,000 new homes and giving councils £130 million to do up unused properties.
The money will go towards properties aimed at lower income owners and tenants and will no doubt help those who fell victim to house repossession in 2009. As part of the scheme, 1000 construction jobs and will be secured and the Scottish economy will recieve a boost. To start with, the money will be given to areas where there is a shortage of affordable housing.