AQW 35165/11-15

Mr Stewart Dickson
Alliance Party
East Antrim

Tabled Date: 04/07/2014
Answered On Date: 11/07/2014
Priority Written: No

Question:
To ask the Minister for Social Development what proportion of bank loans secured by Clanmill Housing to construct 1,600 houses has been drawn down.

Answer:

My Department does not hold information about the private finance arrangements between housing associations and financial institutions. In April Clanmil announced that some £100m of the £120m bank loans agreed with Barclays and Danske would be invested in building 1,600 new social homes, with the remainder used to finance existing loan facilities.