We are in the throes of developing a 25 unit new build project on the site of the former Windlaw Lodge nursing home at 322 Ardencraig Road. We are hoping to be able to appoint the Contractor for the project before Christmas, with them starting on site in early 2020.
The project is being funded through the Scottish Government’s Affordable Housing Supply programme – which Glasgow City Council administer on behalf of the Scottish Government – and a private loan that the Association will arrange; the funding from the Scottish Government is in the form of a grant.
We are finalising the finances at the moment, but we reckon the total development costs will come in at around £4.4million. We will provide a breakdown of how much will be funded through grant money and how much through private finance once the funding package is finalised.