Danske Bank has put in place a new £22m revolving credit facility with Triangle Housing Association to underpin the association's pipeline of social housing projects across Northern Ireland.

Headquartered in Ballymoney, Triangle is one of Northern Ireland's longest-established housing associations. It employs almost 500 people and manages more than 1,600 social homes, including supported living schemes. With its 50th anniversary approaching, the organisation has an active programme of new-builds in multiple locations.

The funding package will help finance between 100 and 150 additional social homes over the next 18 months, supporting efforts to meet rising demand for housing across the region.

So far this year, Triangle has already handed over 70 new homes in Antrim, Ballymoney and Limavady, addressing local need.

More than 100 further homes are currently under construction in Coleraine, Ballymoney, Cullybackey, Limavady and Maghera. Triangle is also poised to sign contracts and begin on-site work on several additional schemes before the end of the financial year.

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Alan Crilly, Finance Director at Triangle, said: "This loan facility is particularly important at a time when housing stress is increasing, grant levels have reduced, and constraints on the public purse are at an all-time high. By working with strong financial partners such as Danske Bank, Triangle Housing Association can continue to progress its development plans and play a key role in meeting the needs of people in communities across Northern Ireland by delivering new social housing.

"As Triangle Housing Association approaches our 50th anniversary next year, our commitment to our vision of 'Building Better Lives Together' and our mission to enhance lives by providing homes, supporting individuals and families, sustaining communities, remain as strong as ever."

Dominic O'Neill, Senior Corporate Banking Manager at Danske Bank said: "We are really pleased to continue our relationship with Triangle Housing by providing this significant financial package which will enable it to expand its housing provision and support communities through the development of high-quality social housing across Northern Ireland.

"Danske Bank has been a lead 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 supporting communities across Northern Ireland."