Business

Housing association Triangle to build 300 social homes over next three years

Pictured on site at a Triangle Housing Association development in Belfast yesterday are Ulster Bank's Kenton Hilman and Paul Herbison with Raymond Nicholl and Alan Crilly from Triangle House Association.
Pictured on site at a Triangle Housing Association development in Belfast yesterday are Ulster Bank's Kenton Hilman and Paul Herbison with Raymond Nicholl and Alan Crilly from Triangle House Association. Pictured on site at a Triangle Housing Association development in Belfast yesterday are Ulster Bank's Kenton Hilman and Paul Herbison with Raymond Nicholl and Alan Crilly from Triangle House Association.

UP to 300 new social homes are to be built across Northern Ireland over the next three years by one of the north's leading housing associations.

Ballymoney-based Triangle said it will provide around 100 of the buildings this year and the rest the following years.

Ulster Bank is lending £7 million to the major programme.

Triangle finance director Alan Crilly said: "Ulster Bank has been active in the social housing sector for many years and we have been very pleased to work with them on a funding package to support our development plans."

"This will enable us to meet our target for new homes this year, which is a major part of our overall growth and development plan for the next three years."

Kenton Hilman, head of corporate and property banking Northern Ireland at Ulster Bank, said Triangle was a well-established housing association with more than 770 units already.

"Ulster Bank has a dedicated relationship management team in Belfast which has the expertise needed to provide specialised lending to the housing association sector, and has been actively involved in supporting several major build programmes by housing associations in recent years.

"This is one of its largest development programmes to date and will provide much needed accommodation supply, as well as making a positive contribution to the economy through the construction and other jobs it will support."