Affordable Housing Supply Programme: out-turn report - 2023 to 2024

Budget and programme

All of the tables can be accessed via the supporting accessible Excel document.

Table 1 provides the breakdown of financial year 2023 to 2024 budget which included a mix of grant and Financial Transactions (FTs) for loans and equity.

Programme out-turn

The following Programme Out-turn tables are available –

Table 2 - AHSP Expenditure by Local Authority Area and Central Programmes

Table 3 - AHSP Expenditure by category

Table 4 – AHSP Expenditure by Local Authority Area and Programme

Table 5 - AHSP Approvals by Local Authority Area and Programme

Table 6 - AHSP Site Starts by Local Authority Area and Programme

Table 7 - AHSP Completions by Local Authority Area and Programme

Table 8 - National Acquisition Programme

Charitable Bonds

The Scottish Government was the first major Scottish investor in Charitable Bonds. The Charitable Bond programme was first introduced in financial year 2013 to 2014 as an innovative investment model for the affordable housing sector. It makes development finance available to Registered Social Landlords for affordable housing, whilst also generating capital funds in the form of Charitable Donations which then funds additional social rented homes.

In financial year 2023 to 2024 we issued £71.768 million in charitable donations which were used to support the delivery of 618 social rented homes.

Table 9 (a) shows the Charitable Bonds invested and, Charitable Donations generated and issued. Table 9 (b) shows the Local Authority Areas where Registered Social Landlords (RSLs) received Charitable Donations. Table 9 (c) shows the RSLs who have received Charitable Donations.

Summary of completions and expenditure 

Table 10 (a) shows progress towards the 110,000 affordable homes target and Table 10 (b) shows expenditure.

Low-cost Initiative for First-Time Buyers (LIFT)

The Open Market Shared Equity (OMSE) scheme aims to help first time buyers and priority access groups on low to moderate incomes to purchase a home on the open market with an equity contribution of up to 40%.

Monitoring information is available on the characteristics of households purchasing through the OMSE scheme.

Table 11 shows LIFT breakdown by category.

Grant funding

Table 12 details the average total cost per home and the average grant per home for the financial year 2023 to 2024 programme. These are the actual costs relating to the delivery of the projects within the AHSP programme, recorded at tender approval stage. Tables 20 (a), 21 (a), 22 (a) and 22 (b) show grant recipients.

Tables 13 (a) and 13 (b) illustrates the average cost to deliver an affordable home over the past 5 years and also the average grant input by the Scottish Government, recorded at tender approval stage.