The Co-operative Bank agrees £50m funding partnership with Fairhive Homes
The funding will help the Buckinghamshire-based housing association provide new homes across the county and surrounding areas.
The Co-operative Bank agreed a £50m long-term funding partnership with Fairhive Homes to support the delivery of affordable housing.
The funding will help the Buckinghamshire-based housing association provide new homes across the county and surrounding areas.
The investment is also expected to support the delivery of energy-efficient homes for local residents.
Irfan Javeed, commercial banking manager at The Co-operative Bank, said: “Housing is just one aspect of the cost of living crisis and many low-income families are being forced into dire situations, waiting over a year for adequate housing.
“This £50 million partnership reflects our commitment to financing projects that deliver meaningful social value.
“By combining financial strength with a shared ethical vision, The Co-operative Bank and Fairhive are demonstrating how responsible finance can catalyse meaningful change, improving lives and strengthening local communities.”
Izabela Falinska, executive director finance and resources at Fairhive, said: “At Fairhive, we are committed to putting residents at the heart of everything we do.
“By supporting the delivery of new affordable homes, this partnership with The Co-operative Bank will help more people access safe, secure and energy-efficient housing, while enabling us to build sustainable communities where residents can thrive now and in the future.
“This is an important step in delivering our ambition to provide more affordable, high-quality homes for current and future residents.”
Falinska added: “Demand for affordable housing across our region continues to grow, and this investment will help us accelerate the delivery of much-needed, energy-efficient homes for local people.”
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