Hawthorn Housing Co-operative is to build 48 new homes in Possilpark after securing a £2 million funding package from Bank of Scotland.

The affordable social housing units are to be built on land in Ashfield Street, which was formerly a mix of council housing and industrial units but has laid bare since the 1980s.

The land was bought by Hawthorn Housing Co-operative in 2015, which has now announced its plans for the site.

They include 48 two, three and four bedroom properties which will be a mix of cottage flats, terraced housing and four specially-designed homes for wheelchair users.

The £5.7m project is being supported by £2m funding from Bank of Scotland and a £3.7m grant from the Scottish Government.

Ayrshire-based McTaggart Construction has been contracted to build the homes, which are due to be completed in September, 2018.

Helen Graham, chair at Hawthorn Housing Co-operative, said: “It’s fantastic to get the funding in place for this project, which will deliver high-quality, affordable homes to the community.

“This funding will help to address the demand for housing, providing local people with the kind of homes that they deserve. It will further regenerate the area and help us to achieve our aim of building a strong, supportive community with an excellent quality of life.

“We hope to build on this ambition with a new housing development, of a similar size, on a nearby site.”

Hawthorn Housing Co-operative is a fully mutual housing co-operative that owns and manages 316 homes in the north of Glasgow. It is managed by a voluntary committee made up of 15 local residents.

Amanda Dorel, head of SME real estate for Bank of Scotland, said: “Hawthorn Housing Co-operative has a fantastic track record of providing high-quality social housing for the people of Possilpark.

“This latest development will bring an area of wasteland back into use while helping to address a real need in the area by providing a range of homes that will suit residents with different needs.

“Hawthorn Housing Co-operative are really playing their part to deliver on the Scottish Government’s target of building 35,000 new affordable homes over the next five-year parliamentary session and we are very happy to be able to support them in this ambition.”