The first residents have moved into a new housing development on the south bank of Glasgow’s River Clyde.

The Queen Elizabeth Square site, located in Ballater Place, was developed by New Gorbals Housing Association and offers 24 affordable homes in an area currently undergoing significant regeneration.

It follows a £5 million funding package from Bank of Scotland and a £1.4m grant from the Scottish Government via Glasgow City Council’s Development Funding budget.

The properties are being supervised and let by New Gorbals Property Management, a subsidiary of New Gorbals Housing Association.

A proportion of the funding from Bank of Scotland has also enabled the association to invest in its extensive capital maintenance programme. Geared towards improving living standards, this includes upgrading and replacing kitchens and bathrooms as well as installing energy efficient heating systems.

With construction completed in January 2016, the properties will help individuals and families on low and modest incomes to access affordable rented accommodation.

Alongside the Queen Elizabeth Square site, New Gorbals Housing Association is soon to unveil a further 39 affordable homes in Laurieston.

Jean Miller, voluntary board member of New Gorbals Property Management, said: “We are delighted to be able to offer high quality, affordable homes and locally controlled services in the Gorbals.

“It is particularly pleasing to be able to assist households that may have experienced difficulty accessing social housing, and those who are not yet able to finance the buying of their own home.”

Douglas Spowart, relationship director in the commercial real estate team at Bank of Scotland, said: “The Queen Elizabeth Square development represents a significant milestone in the Gorbals community regeneration project. This investment underlines our commitment to supporting the affordable housing sector in Scotland.

“It has been a very exciting project to be part of as the properties break the norm. Based on a more contemporary design, they mark a new generation of social housing architecture. We are proud to be able to assist with the provision of high quality and affordable homes for the people of the Gorbals.”

New Gorbals Housing Association now owns and manages over 2,500 homes for social rent in the Gorbals and factors 1,600 privately owned properties. New properties come complete with double glazing, gas central heating and a secure entry system.