Date lodged: 13 November 2018
To ask the Scottish Government, further to the answer to question S5W-19297 by Kevin Stewart on 24 October 2018, how the repayment of the loan to Hearthstone affected the quantity of housing stock due to be delivered by Edinvar Castle Rock.
Answered by: Kevin Stewart 22 November 2018
Hearthstone provided initial private finance loan investment to Castle Rock Edinvar Housing Association (CRE) to enable delivery of social rent homes through this scheme. CRE subsequently repaid the loan to Hearthstone but continue to work with the local authority partners to develop the originally planned social rent homes. The repayment of the loan to Hearthstone did not have a direct effect on the quantity of housing stock to be delivered.