We have raised funds for and are building a cluster of 6 small flats on the West Whins (WW) site.
We want to complement the relatively big East Whins (EW) homes (see below) to have a wider range of properties in our portfolio. All this pointed to small one bed-room flats for the WW cluster.
To make “affordable” sustainable, we chose a funding strategy that prioritised borrowing within the Community (through Ekopia and private loans) in conjunction with an application to the Scottish Rural Housing Fund (RHF).
Two Community members offered PET their pension funds as a loan, for a total of £140,000; and a person came to Ekopia offering a £100,000 loan. The Scottish Ministers decided to grant our project £130,000.
The allocation process for these flats went very smoothly. Read more ….
Construction is underway. See our blog updates