Business

Habinteg Housing Association commits to investing £57m in new social housing schemes

Habinteg Housing Association's Jason Hardy (head of development) and Katrina Smyth (director of development) at the Beechmount Village site in Strabane
Habinteg Housing Association's Jason Hardy (head of development) and Katrina Smyth (director of development) at the Beechmount Village site in Strabane Habinteg Housing Association's Jason Hardy (head of development) and Katrina Smyth (director of development) at the Beechmount Village site in Strabane

HABINTEG Housing Association says it is on track to invest £57 million in more than 360 new social housing units across nine sites in the north in its current development programme.

With more than 320 units currently under construction, Habinteg has committed to investing more than £48m in Derru and Strabane, and more than £9m in Belfast developments in its 2022/23 schedule.

Completed in June, the 42 unit Duke Street site in the Waterside area of Derry has already been handed over to tenants with several more of the sites to be completed and handed over before the end of the year.

The remaining planned sites are due to be completed over the course of the next three years with the first phase of the £26m Beechmount Village, Adria site in Strabane, due to hand over to tenants in early 2023.

Darren McKinney, chief executive of Habinteg, said: “Our current £57 million development programme is well under way in a particularly busy development period, with 42 housing units already handed over this year and another 320 still under construction.

“We remain fully committed, during this intensive construction period, to building homes to the highest standards for our tenants.

“As we move to a Net Zero Carbon world, and an ongoing cost of living crisis, we are investing in delivering sustainable homes and focusing on energy efficiency to ensure our tenants are not heading into fuel poverty.

“In 2023, we look forward to welcoming our new tenants into the first phase of our 158 homes scheme at Beechmount Village in Strabane.”