Handelsbanken backs Houses for Homes
Houses for Homes, a social housing development fund manager which aims to list a real estate investment trust on the stockmarket, says it has agreed a new long-term banking facility with Handelsbanken.
The deal includes provision of a seven-figure line of credit and will "help Houses for Homes deliver on its range of housing supply solutions for local authorities and registered social landlords."
The company has offices in Congleton and Wigan.
Phil Shanks, chief excutive of Houses for Homes, said: "Handelsbanken has shown its commitment to our unique business model which intends to utilise the UK Real Estate Investment Trust regime to supply much needed social and supported housing around the country."
Alan Jolliffe, corporate account manager at Handelsbanken, said: "Houses for Homes is a highly innovative organisation, providing funded housing supply to a large customer base of local authorities and registered social landlords. We are very happy to support them in delivering on that goal and look forward to a long partnership."
Houses for Homes was launched in 2002 to supply development finance for social and extra care housing. The company planned to list its REIT on the stockmarket in 2012, then 2013 but has yet to list.
