Housing association to sign landmark deal with European Investment Bank
Published by Max Salsbury for 24dash.com in Housing and also in Development, Finance
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Housing association Sanctuary Group will today sign a landmark deal with the European Investment Bank - the first loan of its kind in the sector.
The agreement will help finance Sanctuary’s development programme involving the construction of thousands of new homes across the UK.
The EIB's vice president, Jonathan Taylor, will formally agree the partnership during a visit to a Sanctuary housing development in Hackney where he will see recently completed social housing apartments on the Morningside Estate.
Mr Taylor, who will be accompanied by Sanctuary’s group chair, Nick Baldwin, and chief financial officer, Craig Moule, will take the opportunity to view new homes, talk to local residents and meet apprentices involved in the construction of the latest homes to be built at Morningside.
Formed in 1969, Sanctuary Group manages more than 96,000 accommodation units across England and Scotland.
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