Business

Multi-million investment programme to address social housing waiting lists

Announcing the investment plans are Gordon Davidson, relationship director, Ulster Bank, Derek Johnston, director of finance and corporate services, Habinteg Housing Association and Darren McKinney, chief executive of Habinteg Housing Association

A MULTI-million pound social housing programme to create more than 200 homes across the north over the next two years has been announced.

One of the north's largest housing associations, Habinteg has secured more than £10 million in finance from Ulster Bank to deliver a major programme to build new homes.

The housing association, now in its 40th year, plans to develop hundreds of properties across Northern Ireland, with work already underway at schemes in Belfast, Derry, Lisburn, Newry and Coalisland. Work on a further 200 homes at other locations is due to follow in due course.

Chief executive at Habinteg Housing Association, Darren McKinney said:

“The long-term financial arrangements between Habinteg and Ulster Bank help underpin our programme of development, which has widespread economic and social benefits. Ultimately it will allow us to provide new homes for some of the 37,000 people on the waiting list for social housing in Northern Ireland."

Relationship director at Ulster Bank, Gordon Davidson added: “Habinteg's development programme will create jobs, provide homes and improve local communities, so Ulster Bank is very pleased to support the Association's work. Ulster Bank has an expert team 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.”

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