Menu
08/06/2016
Two Housing Associations Secure Loans To Build More Social Homes
Two NI housing associations have secured long term loans, worth a total of £280 million, by the European Investment Bank (EIB).
The loans, for Choice and Apex housing associations, will be used to start construction on 4,700 new social homes over the next five years and to carry out refurbishment work on existing units.
Michael McDonnell, Chief Executive of Choice Housing said: "This investment package demonstrates confidence in our ability to deliver high quality outcomes and gives us access to the most cost-effective long-term finance arrangements ever used in Northern Ireland. Ultimately that means we can make public money go further and put more social homes in the areas where they are needed most."
Martin Doherty, Chairman of Apex, said: "We are delighted that Vice President Taylor has taken time out of his busy schedule to visit our housing led regeneration schemes in North Belfast to see for himself the impact that the EIB funding can and will have on inner city communities. The EIB financial package will underpin Apex's future development plans and enable us to continue our current programme of transforming disused brownfield sites in Belfast such as Girdwood, North Queen Street police station, Tiger’s Bay and in other high need areas across Northern Ireland, into high quality, vibrant communities where people want to live."
SDLP Communities Spokesperson Nichola Mallon MLA said the announcement underscores the "real value" of our relationship with Europe.
She said: "Access to the European Investment Bank for projects like this is only an option because of our membership of the European Union. Leaving Europe would plunge future investment opportunities into uncertainty and leave us with very few alternative resource opportunities on that scale.
"I'm glad to see the Communities Minister give his backing to the project, in spite of his own party's position on Europe which is hugely damaging to our ability to attract investment on this scale."
(CD)
The loans, for Choice and Apex housing associations, will be used to start construction on 4,700 new social homes over the next five years and to carry out refurbishment work on existing units.
Michael McDonnell, Chief Executive of Choice Housing said: "This investment package demonstrates confidence in our ability to deliver high quality outcomes and gives us access to the most cost-effective long-term finance arrangements ever used in Northern Ireland. Ultimately that means we can make public money go further and put more social homes in the areas where they are needed most."
Martin Doherty, Chairman of Apex, said: "We are delighted that Vice President Taylor has taken time out of his busy schedule to visit our housing led regeneration schemes in North Belfast to see for himself the impact that the EIB funding can and will have on inner city communities. The EIB financial package will underpin Apex's future development plans and enable us to continue our current programme of transforming disused brownfield sites in Belfast such as Girdwood, North Queen Street police station, Tiger’s Bay and in other high need areas across Northern Ireland, into high quality, vibrant communities where people want to live."
SDLP Communities Spokesperson Nichola Mallon MLA said the announcement underscores the "real value" of our relationship with Europe.
She said: "Access to the European Investment Bank for projects like this is only an option because of our membership of the European Union. Leaving Europe would plunge future investment opportunities into uncertainty and leave us with very few alternative resource opportunities on that scale.
"I'm glad to see the Communities Minister give his backing to the project, in spite of his own party's position on Europe which is hugely damaging to our ability to attract investment on this scale."
(CD)
Related Northern Ireland News Stories
Click here for the latest headlines.
04 December 2009
Social House Building Gets £30m Boost
The European Investment Bank has announced plans to invest £30m towards a number of social housing projects in Northern Ireland. Funds are aimed at building new homes, and will support wider urban regeneration initiatives, the Department for Social Development said.
Social House Building Gets £30m Boost
The European Investment Bank has announced plans to invest £30m towards a number of social housing projects in Northern Ireland. Funds are aimed at building new homes, and will support wider urban regeneration initiatives, the Department for Social Development said.
16 May 2013
£1.25m For Belfast Community Projects
20 community regeneration projects across Belfast have received funding totalling £1.25m from the City Council. The funding is part of £5m set aside for the Local Investment Fund (LIF). Just under £1.3m is earmarked each to the North, South, East and West of the city and a further £490,000 allocated for the Shankill area.
£1.25m For Belfast Community Projects
20 community regeneration projects across Belfast have received funding totalling £1.25m from the City Council. The funding is part of £5m set aside for the Local Investment Fund (LIF). Just under £1.3m is earmarked each to the North, South, East and West of the city and a further £490,000 allocated for the Shankill area.
06 August 2015
Crumlin Social Housing Scheme Opened
A new social housing scheme of three and four bedroom houses has been officially opened in Crumlin. The fourteen new homes for families on the social housing waiting list, is owned and managed by Habinteg Housing Association who funded the build, with support from the Department for Social Development.
Crumlin Social Housing Scheme Opened
A new social housing scheme of three and four bedroom houses has been officially opened in Crumlin. The fourteen new homes for families on the social housing waiting list, is owned and managed by Habinteg Housing Association who funded the build, with support from the Department for Social Development.
08 November 2016
Funding Announced For Public Realm Scheme In L'Derry
Funding totalling £650,000 has been announced for a high quality public realm scheme in Londonderry by Communities Minister Paul Girvan. The scheme is to be developed for Nailors Row, with the Department of Communities providing more than £608,000, with Apex Housing Association contributing £42,000.
Funding Announced For Public Realm Scheme In L'Derry
Funding totalling £650,000 has been announced for a high quality public realm scheme in Londonderry by Communities Minister Paul Girvan. The scheme is to be developed for Nailors Row, with the Department of Communities providing more than £608,000, with Apex Housing Association contributing £42,000.
20 December 2010
Dole Office To Become New Housing
The former Andersonstown Social Security Office in west Belfast is to be turned into 20 new family homes, it has been announced. Stormont Social Development Minister, Alex Attwood has said that the site of the former Andersonstown Social Security Office will be cleared for 20 new family homes.
Dole Office To Become New Housing
The former Andersonstown Social Security Office in west Belfast is to be turned into 20 new family homes, it has been announced. Stormont Social Development Minister, Alex Attwood has said that the site of the former Andersonstown Social Security Office will be cleared for 20 new family homes.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
