It does and it is. At least we're not pushing forward all relets at 80% of market rent as a solution, for example, and we're not subjected to the delights of Localism.
Unfortunately, the article fails to mention that this NHT funding vehicle is not the only mechanism in Scotland. It's an ADDITIONAL funding route. Innovative work in looking at bond financing and pensions investment is one further example and there is, still (just about) traditional HAG funding and section 75 funding from local authorities (s106 in England if I remember rightly) available though at the rather unfriendly rate of a max of typically £40k per property (except rural areas).
Ideal ? No. But then the tories sold off all the houses. Labour did nothing to reform right to buy in any appreciable rate, and as for replacing the housing stock, they built SIX council houses in EIGHT years in power in Scotland - all in Shetland - so neither have any answers up here.