Apex Housing Association has secured a £35m revolving credit facility from Danske Bank to drive forward its housing development programme across Northern Ireland.

The funding, arranged with the support of Sensus Financial Advisory Ltd, will be used to deliver modern, energy-efficient homes and upgrade existing stock.

Roderick Canning, Finance Director at Apex, said: "Securing this facility from Danske Bank significantly strengthens our financing framework and will help us build more new homes across Northern Ireland. It reinforces our commitment to providing safe, energy-efficient, and sustainable homes for our communities."

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Claire McKeown, Corporate Relationship Manager at Danske Bank, added: "We are delighted to provide this significant financial package to Apex to support them in the development of new energy efficient homes and investment in its existing housing. Danske Bank has been a leading provider of finance to the social housing sector in Northern Ireland for many years and we want to continue to help the sector to thrive and meet the needs of people across Northern Ireland. This funding underscores our commitment to sustainable development and supporting communities across Northern Ireland."

Apex is one of the largest housing associations in Northern Ireland, managing more than 7,000 homes across a wide range of tenures. From general needs housing to specialist accommodation with support services, the association works to provide safe and sustainable homes that meet local demand.

The new facility strengthens Apex's ability to deliver on its current strategy, which prioritises building high-quality, energy-efficient homes and tackling fuel poverty. From 2024, all new homes developed by Apex will target a minimum EPC rating of 'A', while more than 90% of its existing properties are expected to reach at least EPC 'C'.