Kingdom Housing Association has received funding approval from the Scottish Government, which will provide a £3.9m subsidy towards the 55-home project in Saline.
Designed by a trio of companies, City Architects, Scott Bennett Associates and Hardies, the development will be built by Campion Homes at Oakley Road.
Infrastructure works will also be carried out, including street lighting, road kerbing, works to roads, offsite works in connection with gas infrastructure & the provision of drainage to service the sites.
-- Advertisement --
Work is to begin in August, with the first new homes set to be completed in March 2017.
Bill Banks, Kingdom's chief executive, said: "Projects of this nature are a bit more expensive to develop, due to a lower density design and infrastructure costs, which include new link paths and substantial drainage works. The new homes will help meet the growing needs for affordable housing in the area and they are being built to high energy efficient standards as part of our standard design criteria.
"Fife Council set a challenge for all affordable housing partners to deliver 2700 new affordable homes and this target is set to be achieved. The Saline project will make a contribution to this target and we are very pleased to have received the Scottish Government approval, that has allowed the project to proceed. In addition to the Scottish Government funding, Fife Council are also providing £400,000 to support the project and Kingdom have raised private funding to cover the balance of the costs."
(LM/CD)
