Social homes project underpinned by £10m loan from Ulster Bank
The creation of 1000 new social and affordable homes across Northern Ireland is being supported by a £10m loan from the Ulster Bank.
The houses are being built by Apex Housing Association over the next year.
Ulster Bank is supporting the project – which is hoped will bolster hundreds of construction jobs – through the the Bank of England's Funding for Lending Scheme.
Ulster Bank's Head of Corporate and Institutional Banking, NI, Kenton Hilman, said: "Apex has an excellent track record of delivering high-quality, 'lifetime' homes across Northern Ireland, and we are pleased to assist in the delivery of this significant project. There is high demand for social and affordable homes.
"We are also pleased to help enable a project that will sustain a significant number of jobs and make an important contribution to the economy."
Apex's Financial Director, Roderick Canning, said: "This initiative is aimed at delivering essential social and affordable homes at a time when demand is extremely high... Ulster Bank's private finance which will play a centrally important role."