Major boost for Triangle Housing Association
Triangle Housing Association is delighted to announce a £7million loan from The Ulster Bank.
Triangle has committed to build 300 social homes across Northern Ireland over the next 3 years and this funding is a major boost to the development budget.
Triangle finance director Alan Crilly said: “Ulster Bank has been active in the social housing sector for many years and we are very pleased to work with them on a funding package to support our development plans.” “This will enable us to meet our target for new homes this year, which is a major part of our overall growth and development plan for the next three years.”
Kenton Hilman, head of corporate and property banking Northern Ireland at Ulster Bank, said Triangle was a well–established housing association with more than 770 units already.
“Ulster Bank has a dedicated relationship management team in Belfast which has the expertise needed 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.
This is one of its largest development programmes to date and will provide much needed accommodation supply, as well as making a positive contribution to the economy through the construction and other jobs it will support.”