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NI housing association secures £10m finance deal

A housing association in Northern Ireland has secured a £10m bank finance deal.

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NI housing association secures £10m finance deal

Holywood-based landlord Habinteg has received the cash from Ulster Bank.

It hopes to use the cash to develop 200 new homes over the next two years, adding to its current portfolio of around 1,800 units.

Building has already started at schemes in Londonderry, Lisburn, Newry, Coalisland and Belfast.


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Darren McKinney, chief executive at Habinteg, 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.”

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