New Funding to Build More Homes
Rooftop Housing Group who provide 6500 homes in Worcestershire and Gloucestershire have secured £25,000,000 in new funding.
The funding is being provided by Santander Corporate & Commercial. This is the start of a new funding partnership between Santander and Rooftop.
Caroline Dykes, Rooftop’s Finance Director said “This is the start of a great relationship between Rooftop and Santander. This new funding will help us complete the 761 units we plan to build in the next five years.”
The 761 are
499 social and affordable rented homes
201 shared ownership sales
53 market sales
7 Gypsy and traveller pitches
1 commercial unit
Darragh O’Keeffe, Director, Housing Finance, Santander Corporate & Commercial, said: “We’re delighted to be supporting Rooftop Housing Group once again and playing our small part in the Group’s development and growth ambitions. We look forward to assisting Rooftop with its future banking needs.”
The five-year funding is a revolving credit facility and will mean that more housing needs are met in Worcestershire and Gloucestershire.