EILDON Housing Association has secured £18.7 million funding from Royal Bank of Scotland to build new homes in the Scottish Borders.
The housing association currently has more than 3,000 homes under its remit. As a part of the new build programme, it hopes to bring 800 new properties to the area.
Last year, Royal Bank of Scotland – as a part of the NatWest group – declared a £5 billion lending ambition to the social housing sector by the end of 2026.
The funding to Eildon Housing Association will support the development of new houses and growth of the care services and sustainability strategies the registered charity offers. This includes residential-based older person’s housing and care services as well as support for adults with learning disabilities.
Lynn Mirley, director of business support at Eildon Housing Association, said, “Our goal is to always provide the highest quality, affordable and sustainable properties and care possible especially amidst this housing crisis we are seeing in the Scottish Borders and beyond. Securing this deal with Royal Bank of Scotland allows us to help alleviate some of the pressures the current economic climate is placing upon local communities.
“It is important to us to have this sort of backing as it demonstrates the confidence in Eildon Housing Association’s ability to continue to make a real difference in people’s lives. In implementing our care and sustainability strategies in the upcoming period, we hope to tackle the challenges our residents face in an ambitious and progressive way.”
Martin McCourt, real estate finance relationship director at Royal Bank of Scotland, added, “At Royal Bank of Scotland we recognise the importance of supporting organisations that make proactive change within our society. We have committed to supporting the housing industry in alleviating the current strain faced by local authorities and residents caused by the housing crisis. We look forward to seeing the fulfilment of Eildon Housing Association’s strategy as they continue to tackle these challenges.”
