Cadder goes on-site with its first new build housing development
The new housing development will provide a variety of house types and sizes, which will balance the Association’s stock portfolio and contribute towards Glasgow City Council’s City Plan.
The development of high quality homes will cost £5.9 million and will be funded by Housing Association Grant of £3.7m through Glasgow City Council and the Scottish Government and £2.2m by the Association.
The new housing is scheduled for completion in November 2018.
Cadder Housing Association director, Kenny Mollins, said: “The development of the former school site, which has lay barren since the school was demolished in 2009 will regenerate this land at the gateway to the community and it is a major milestone in our on-going regeneration of Cadder. We have been delighted to appoint McTaggart Construction who have a track record of achievement of new build housing developments in the housing association sector.”
Chairperson Linda Brown said: “The Association has progressed this development over recent years ensuring we effectively managed risk and it was a financially viable and sustainable development opportunity.
“The new housing will make a further contribution to improving the quality of housing for our tenants and future generations of people living in Cadder and it will enhance the viability of the Association. We would like to thank Glasgow City Council and the Scottish Government for the grant funding that makes new building housing viable for housing associations, as well as our lender, Bank of Scotland for their loan of £2.3m for the Association’s contribution towards this development.”
Janice Russell, director of McTaggart Construction, said: “We are delighted to be working in partnership with Cadder Housing Association on their first new build development in such a prominent location in the area. This project will transform this land and provide high quality and sustainable homes for the Association’s prospective tenants, which will certainly improve their quality of life and make a positive contribution to Cadder’s regeneration programme.”