Pluto Finance has provided funding to an East London housing association for the development of 91 new low carbon affordable homes.
The development in the borough of Barking & Dagenham will see a 2,400-square metre brownfield site redeveloped to 91 one, two and three-bed apartments, car parking and children’s play areas.
An integrated advanced energy infrastructure is also planned, including air source heat pumps and prefabricated building systems to minimise the carbon footprint impact.
Mario Ioannides, associate partner at Pluto Finance, said: “This is the second time we have worked with this housing association to fund a residential scheme that is providing much needed, high quality social housing.
“They have demonstrated a strong track record in similar projects and Pluto Finance proudly continues to support the delivery and expansion of affordable homes nationwide.”
A spokesperson from the Housing Association said: “Pluto Finance has again showed strong support in our vision to grow our affordable homes business in East London.
“We find the team to be easy to work with and pragmatic in problem solving when challenges arise.
“We would strongly recommend Pluto Finance to any housing association looking to scale up the size of their asset portfolio.”
