£317.176 million is to be invested to deliver an ambitious Housing Investment Programme. This includes £187.89 million to improve the quality of existing homes through energy efficiency measures such as new windows and doors and replacement heating systems and renewable energy supplies and £128 million to build and buy around 700 additional affordable homes through the Council New Build Programme and the Buy Back Scheme.
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In 2024/25 alone, £37.14m will be spent to improve the current housing stock of around 17,000 homes.
£12.6m to build a range of new homes including wheelchair accessible home and family homes across three key sites at Woodend Farm, Haugh Gardens, Langlees and Oakbank, Polmont.
£8.5m is to be used to purchase 80 ex local authority homes through the Council’s successful Buy Back Scheme.
Council rents will increase by 5.0% from 1 April for the Council's 16,200 tenants (an average increase of £3.75 per week, taking average rent to £78.67 per week). More than 60% of all tenants will be fully protected from any increase due to Housing Benefit or Universal Credit Housing Costs.
The Housing Investment Programme and Housing Revenue Account are entirely separate from the Council's other budgets. Revenue raised by rents and grants can only be reinvested in housing programmes and in no other aspect of Council services.
