Hous­ing as­so­ci­a­tion se­cures £10 min bank fund­ing for build­ing pro­gramme

Belfast Telegraph - Business Telegraph - - News - BY MAR­GARET CAN­NING

A MA­JOR hous­ing as­so­ci­a­tion has se­cured over £10m to build new homes in North­ern Ire­land.

Habin­teg Hous­ing As­so­ci­a­tion has said it plans to build hun­dreds of dwellings af­ter bor­row­ing from Ul­ster Bank.

It said it’s al­ready build­ing homes in Lon­don­derry, Lis­burn, Newry, Coal­is­land and Belfast, with an­other 200 planned to fol­low else­where.

Chief ex­ec­u­tive 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.”

Gor­don David­son, re­la­tion­ship di­rec­tor at Ul­ster Bank, said: “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.”

Ac­cord­ing to the De­part­ment for Com­mu­ni­ties’ hous­ing bul­letin for Jan­uary to March, there were 1,699 new dwelling starts over the quar­ter — up 20.8% on the same quar­ter a year ear­lier.

How­ever, there were 184 new starts in the so­cial hous­ing sec­tor, down 13.6% on the same quar­ter a year ear­lier.

From left: Gor­don David­son of Ul­ster Bank with Habin­teg’s Derek Johnston and Dar­ren Mck­in­ney

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