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NatWest & Net Zero In North Yorkshire Housing Plan
North Yorkshire's Broadacres Housing Association has received an eight-figure funding package from NatWest, to progress its green growth plans. The...
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Housing Association Secures £Multi-Million Funding
Brixton headquartered Ekaya Housing Association will drive forward plans to build more than 65 new homes in the next three years, after securing eight-figure funding from NatWest.
The housing association will use the £12 million funding package to grow its existing portfolio of circa 450 homes for affordable rent, shared ownership and supported housing across seven South London boroughs.
Established in 1987, the housing association brought together the critical work of two Lambeth hostels in supporting young, single black women living in London.
“The funding from NatWest will enable us to expand our portfolio of properties and provide affordable housing to those that need it most across South London.”
– Ben Laryea
Chief Executive, Ekaya Housing Association
“As we expand, our focus will continue to be on providing a safe space and environment for predominantly BAME women, children and families to thrive in the local communities where they live," continued Ekaya's Laryea. " We are committed to contributing to new housing supply to tackle the housing crisis, and we are very happy to partner with NatWest in showing our ambition.”
NatWest
The funding forms part of NatWest’s recent commitment to support the housing association sector with £3 billion of finance by the end of 2022. This will support the increase in provision of social housing, as well as the improvement of existing properties.
Dharmesh Patel, NatWest Associate Director, said: “At NatWest we are committed to supporting housing associations and have provided a funding package that will help Ekaya Housing Association meet its goals. We will continue to support Ekaya as it expands its portfolio of affordable, supported and shared ownership housing that it both owns and manages.”
Picture: Ground breaking at one of Ekaya's new house building projects.
Article written by Cathryn Ellis
17th June 2021