Councils sign up for low rent housing
Twelve local authorities have signed up for the project, which will see the purchase of newly-built houses by councils with loans underwritten by the Scottish Government.
Six hundred homes are being sought in Edinburgh and East Lothian and Midlothian council has also signed up.
Developers have now been invited to bid for the work.
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Hide AdThe scheme is headed by the Scottish Government and funding body Scottish Futures Trust (SFT).
Edinburgh Council's vice-convener for housing, Councillor Norman Work, said: "This is an innovative way of tackling the shortage of affordable homes."