A Strategic Collaborative Working Agreement has been signed between the two Association's, which will see Kingdom act as the development partner, and the completed homes transferred to Ochil View.
The first planned project is a 12-home development in Sauchie. Work on the site, which is owned by Ochil View, is to begin at the start of 2017/18. A future programme of development is also being discussed between the two HA's.
-- Advertisement --
Tom Brown, chairperson with Ochil View, said: "I am delighted that Ochil View and Kingdom can pool resources and work in partnership to build new affordable homes. The Scottish Government has a target to deliver 50,000 affordable homes over the next five years and, now that the level of subsidy has been increased, we can play our part by providing urgently needed quality homes for rent in our community."
Charles Milne, Kingdom's chairperson, added: "Kingdom recognises the mutual benefits that can be gained from working collaboratively with others and I'm very pleased we have reached agreement with Ochil View.
"The arrangement will allow Kingdom to enhance its development and procurement capacity without compromising our own development plans in the area. The main advantage of this agreement is that it will provide additional new affordable new homes in the Clackmannanshire area to meet growing needs."
(LM/JP)
