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Insider UK
Insider UK
Business
Peter A Walker

Housing association secures £96 million to build sustainable homes

Grampian Housing Association has secured a £96m loan facility from the Royal Bank of Scotland to help address continued demand for sustainable homes in the north east.

The funding will allow the Aberdeen-based housing association to continue to invest in its current properties to help meet its decarbonisation strategy, while also financing the development of 1,000 new green homes across Aberdeen, Aberdeenshire and Moray - beyond the ambition in it current five-year business plan.

Along with providing affordable properties for social rent and related services to over 4,000 households, Grampian Housing Association also has a sizeable shared ownership offering, which has helped more than 500 families and individuals to become homeowners.

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