Cardiff Community Housing Association (CCHA) has secured a new £15 million revolving credit facility (RCF) agreement with Barclays Plc.
Brian Pickett, Chief Executive at CCHA, said:
“There’s a desperate need for social housing in Cardiff, and we’re committed to playing our part in addressing this need. This new funding agreement will allow us to deliver against our aim to build and purchase up to 100 affordable homes annually, while continuing to invest in our existing properties.
“We are so pleased to continue our long-standing relationship with Barclays Plc as an existing funder of ours and look forward to continuing our work with them as we move forward with our development goals.”
Richard Whittaker, Relationship Director at Barclays UK Corporate Bank, said:
“It’s fantastic to be able to continue and increase our support for Cardiff Community Housing Association in achieving their goal of providing and increasing the supply of safe, high-quality affordable homes to communities in Cardiff. This £15 million revolving credit facility demonstrates our commitment to enabling sustainable growth and community development – and is further evidence of our £22 billion Business Prosperity Fund in action.”
