Deputy first minister Nicola Sturgeon confirmed today the funding will help provide council homes for families to rent and will support up to 700 jobs in construction and related sectors over the next two year.
The Scottish Government pledged to build 5,000 council homes as part of wider plans to build 30,000 affordable homes during this parliamentary term, which comes to an end in 2016.
The additional cash will bring the Scottish Government’s budget for housing supply to almost £860m over three years.
Sturgeon says: “This funding will deliver up to 1,000 affordable homes that meet people’s needs, a central focus of our housing polices and a principle that underpins everything we do.
“It will help realise our ambition of 5,000 council homes as part of wider plans to deliver more than 30,000 affordable homes during this parliamentary term.”