Housing association Triangle in £7m plan to build 300 social homes

Pictured on a Triangle site are Kenton Hilman, left, Ulster Bank and Alan Crilly, the association's finance director
Pictured on a Triangle site are Kenton Hilman, left, Ulster Bank and Alan Crilly, the association's finance director

Up to 300 new social homes are to be built across Northern Ireland over the next three years, one of the country’s leading housing associations said.

Ballymoney-based Triangle will provide around 100 of the buildings this year and the rest the following years.

Ulster Bank is lending £7 million to the major programme.

Triangle finance director Alan Crilly said: “Ulster Bank has been active in the social housing sector for many years and we have been very pleased to work with them on a funding package to support our development plans.”

“This will enable us to meet our target for new homes this year, which is a major part of our overall growth and development plan for the next three years.”

Kenton Hilman, head of corporate and property banking Northern Ireland at Ulster Bank, said Triangle was a well-established housing association with more than 770 units already.

“We have a dedicated relationship management team in Belfast which has the expertise needed to provide specialised lending to the housing association sector, and has been actively involved in supporting several major build programmes by housing associations in recent years.

“This is one of its largest development programmes to date and will provide much needed accommodation supply, as well as making a positive contribution to the economy through the construction and other jobs it will support.”