Yorkshire Housing is set to build almost 400 new affordable homes thanks to a £74 million loan deal secured under the Affordable Homes Guarantee Scheme (AHGS).
The AHGS is a £3 billion government-backed lending scheme which aims to help registered housing providers build more affordable homes by providing longer-term, lower-cost, fixed rate loans.
Yorkshire Housing already has plans to deliver 8,000 new homes and this latest deal will enable it build around 380 homes.
ARA Venn, a leading investment manager, manages the AHGS on behalf of the government and was responsible for the deal.
Rob Parkes, director of finance at Yorkshire Housing, said: “With thousands of families on housing waiting lists and the cost-of-living still high, it’s more important than ever to provide affordable homes across Yorkshire.
“This new long-term funding will help us to build around 380 quality new homes, making it possible for more people to have a place they’re proud to call home.”
