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Leeds social landlord to create new affordable homes with £7 million loan

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Leeds social landlord to create new affordable homes with £7 million loan

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Published by Max Salsbury for 24dash.com in Housing and also in Development, Finance

Leeds social landlord to create new affordable homes with £7 million loan Leeds social landlord to create new affordable homes with £7 million loan

A Leeds social landlord is to create 150 new affordable homes across the city after securing a £7 million loan.

The Co-operative Bank has provided the funding for Unity Housing Association to increase its current stock levels of 1,000 to 1,250 over the next five years.

Unity was established in 1987 to address the housing needs of local communities and today is the leading housing association in Leeds.

Ali Akbor, Unity's chief executive, said: "This funding will now allow us to provide more affordable high quality homes to people across Leeds and help us fulfil our aim to build more sustainable local communities.

"We would like to thank The Co-operative Bank for this support. It has shown throughout that it is totally dedicated to making our plans a success."

The loan was arranged by senior corporate manager Steven Clarke from The Co-operative Bank’s Corporate Banking Centre in Leeds.

Mr Clarke said: “We are delighted to be supporting Unity Housing Association with these ambitious plans and the important work it carries out to improve the lives of people in Leeds.

"We now look forward to working with the team and building a strong relationship to make these plans happen.

"This provides a further illustration of how the Bank continues to support businesses and organisations despite the uncertainty in the wider economy."

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