The development of an additional 1,100 high-quality, affordable homes and the ability to decarbonise existing homes has been secured through One Vision Housing’s £180million deal with NatWest.
The award-winning affordable housing provider, which currently owns and manages over 13,600 homes across Liverpool, Cheshire and Lancashire, plans to build the additional homes by 2025.
One Vision Housing, part of The Sovini Group, seeks to build a better future through its development framework which aims to combat high housing costs, through the delivery of good quality, affordable homes. The Sovini Group are also committed to reducing their environmental impact and are striving to towards net-zero carbon emissions.
The finance package from NatWest will enable One Vision Housing to deliver more energy efficient homes for local people, through retrofit decarbonisation projects to existing properties.
New build construction will take a ‘fabric first’ approach, with environmentally efficient specifications from low carbon heating and sustainable drainage systems to smart metres, solar panels and charging points for electric vehicles.
Ian Mitchell, Managing Director of Housing at The Sovini Group, said: “We are thrilled to have received this funding from NatWest, who share our vision of a better future for local communities. At the group we are driven by our mission to create opportunities and change lives, and this funding will enable hundreds of people take their first step onto the property ladder while providing hundreds more with affordable quality rental properties. We look forward to welcoming customers into their new homes and seeing them thrive within our communities for years to come.”
Martin Skinner, Relationship Manager, Real Estate Finance at NatWest, said: “NatWest is dedicated to supporting our customers, colleagues and communities in Merseyside and across the North West. The work that One Vision Housing is doing to create more affordable and sustainable homes across the region is of vital importance, helping communities to thrive and creating sustainable homes for the future. We look forward to continuing to work closely with the One Vision team to provide the support they need.”
One Vision Housing believe in providing quality, affordable homes and during 2021/22 the housing association reached over 5,000 beneficiaries through its Community Development Fund and corporate social responsibility initiatives, generating over £22 million in social value.
