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Habinteg Housing Association has secured £10M in funding from Ulster Bank to pursue a programme of house building over the next two years.
The Association has received backing to develop over 200 homes across Northern Ireland, helping to mark its 40th year in style. Developments are already underway in Londonderry, Lisburn, Newry, Coalisland, and Belfast, and this latest investment will see further sites in other locations.
Darren McKinney, Chief Executive of Habinteg Housing Association says: “We have been operating in Northern Ireland for four decades and during that time, Ulster Bank has become an increasingly valued partner, alongside support from the Department for Communities and NI Housing Executive, to help us deliver new homes across Northern Ireland.”
“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,” he adds.
Gordon Davidson, Relationship Director, Ulster Bank, says: “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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