Argyll Community Housing Association (ACHA) has approved its budget for the 2014/2015 period.

According to reports, key elements of the budget include a commitment to invest £12.7m in capital works to the Association's existing portfolio.

Some 5,100 are involved and will be brought up to the Scottish Housing Quality Standard by 2015.

Elsewhere, the organisation hopes to invest some £2.4m in day-o-day repairs, as well as £1.6m in planned maintenance to its existing properties. Looking at ACHA's new build programme, 102 units will be on site throughout the year, with an additional £10m being invested.

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The Association has said that its net rental income for the year will be around £18.2m.

The Association will also receive grants in the region of £15m from the Scottish Government and Argyll and Bute Council towards the delivery of the Scottish Housing Quality Standard for existing homes and new build provision.

Commenting on the budget, Alastair MacGregor, ACHA's Chief Executive, said: "The Association's 2014-2015 budget is about investment. It will continue the organisation's drive to improve all of our homes to meet the Scottish Housing Quality Standard by November 2015.

"In addition it will also allow us to provide new homes to meet Argyll and Bute's pressing housing needs."

(JP/MH)