Housing Minister Margaret Burgess has vowed to make £3 billion available to deliver 50,000 affordable homes in Scotland throughout the next five years.
The new goal is an increase of 67% in affordable home availability, with 70% of this amount being allocated for social rent.
These extra homes are anticipated to create around 20,000 new jobs per year and produce over £10 billion in economic returns over the course of the current Parliament.
This pledge came the day after the Scottish Government declared publicly that it surpassed its current five-year goal of delivering 30,000 affordable homes.
During a housing debate in the Scottish Parliament, Mrs. Burgess told MSPS that they originally had a target number of 30,000 affordable homes to complete, and that amount has been exceeded.
She added that a new generation of building council houses had been started, and steps were also being taken to protect social housing for the future by eliminating the right to buy.
Mrs. Burgess said that a commitment had been made to increase the supply of affordable homes by even greater amounts. The new target will be at least 50,000 new properties, a plan that will be supported by a minimum investment of £3 billion.
She pointed out that housing was a key priority for the current government and an important tool in the war against poverty, adding that the government is determined to ensure the delivery of the quality affordable homes that everyone needs.
First minister Nicola Sturgeon vowed to support the programme if the SNP were elected to a third term next May. At the opening of the SNP’s conference in Aberdeen, she said that housing would be one of the largest issues in the upcoming campaign.