Hafod Housing receives £25m funding to build affordable housing

Latest News Thu, Jun 20, 2024 5:59 AM

Hafod Housing, a not-for-profit organisation headquartered in Cardiff, has secured a £25 million loan facility from Principality Commercial, to support the construction of 300 new affordable homes over the next five years with the objective of building strong communities in Wales.

Established in 1968, Hafod offers high-quality affordable housing and resources for people to help maintain both their well-being and independence. Working across seven local authority areas in Wales with 1,250 colleagues, Hafod helps over 16,000 people every year through housing support and health and social care.

Hafod’s recent projects include the redevelopment of Haydock House in Barry, Cardiff’s Lansdowne Hospital site, and Parc Llanilid in Rhondda Cynon Taf – all undertaken in order to provide essential affordable housing in these areas and positively regenerate the communities they serve.

The new partnership with Principality Commercial, the commercial arm of Principality Building Society, Wales’ largest building society, will progress over the next three years with the funding helping to build much needed, new affordable homes.

Principality Commercial, lends across England and Wales, providing finance for both investment and development schemes in the commercial and residential sectors, including supporting housing associations.

Commenting on the partnership with Hafod, Sarah Lavender – Relationship Manager for Principality Building Society, said: “We are delighted to support Hafod Housing’s ongoing efforts to improve the lives of people throughout Wales. It is both an honour and pleasure to work with such a well-established organisation whose initiatives align so closely with our own. This funding will go some way to help improve the affordable housing need in South Wales, as well as foster the growth of strong communities in Wales.”

Chris Judson, Hafod's interim Director of Finance, Investments and Development commented: “We are very grateful to have secured this essential funding from Principality Building Society. The transaction went very smoothly; we are thankful to Principality for this and for the support of our treasury advisers, Centrus and Devonshires solicitors. We are really looking forward to working with Principality going forward and delivering desirable and sustainable homes and communities across South Wales.”

Featured News

Specification news
Senior helps give Glasgow’s historic Meat Market a...

Aluminium fenestration solutions manufacturer Senior Architectural Systems has...

Read More >>

Specification news
CONNECTING COMMUNITIES WITH LIGHT: TRILUX ENHANCES...

As the heart of North Kensington evolves, the Westway Community Street project...

Read More >>

BUILDING PRODUCT LIBRARY - LATEST BROCHURES

Novantica - Cement Free Restoration  Brochure

Novantica - Cement F...
By Fassa Bortolo

Download Now >>

Fassatherm System - Product Catalogue  Brochure

Fassatherm System -...
By Fassa Bortolo

Download Now >>

Fassarend System - Product Catalogue  Brochure

Fassarend System - P...
By Fassa Bortolo

Download Now >>

Fassalime System - Product Catalogue  Brochure

Fassalime System - P...
By Fassa Bortolo

Download Now >>

BUILDING PRODUCT DIRECTORY - LATEST PRODUCTS

Straightcurve®
Straightcurve®

Straightcurve® – headquartered in Australia, is renowned for high-end innovative garden edging,...

Read More >>

RLG600 Access Flooring System
RLG600 Access Flooring System

The Kingspan RLG600 raised access floor panel is intended for light office use and is capable of...

Read More >>

RHG600 Simploc
RHG600 Simploc

Kingspan RHG600 Simploc is the heavy grade floor system, capable of handling up to a 12kN/m2...

Read More >>

CONSTRUCTION VIDEOS - LATEST VIDEOS

Discover the first-ever reference book for stone wool insulated sandwich panels
Discover the first-ever reference book for stone wool insulated sandwich panels

“Building with stone wool insulated sandwich panels” written by Professor Imperadori, is now...

Watch Now >>

Portakabin | Installation at the iconic Admiralty Arch, London
Portakabin | Installation at the iconic Admiralty Arch, London

Portakabin | Installation at the iconic Admiralty Arch, London

Watch Now >>