Loreburn Housing Association and RBS agree additional £20m funding for new social housing - Scottish Construction Now
Loreburn’s programme of socially rented properties includes Extra Care housing for Moffat and Langholm. Lorraine Usher, chief executive of Loreburn Housing Association, said: “We are pleased to be sharing positive news in this difficult and challenging climate. David Horne, director of housing finance, commercial and private banking at RBS, added: “Building on our recent £3bn commitment to the social housing sector across the UK over the next 3 years, we are proud to support Loreburn Housing Association meet its key strategic goals of developing much needed affordable housing to the Dumfries & Galloway region, with this transaction meaning we now have over £40 million of total commitments in place to the Association. “Loreburn is a highly innovative organisation that has developed a great offering to meet the needs of their residents and the wider communities that they operate in, and this new funding will go a long way to meeting their medium to long term objectives.