THF member Trowers & Hamlins helps housing association secure funding through the Affordable Housing Guarantee Scheme
Based in Cornwall, Coastline Housing is an independent charitable housing association which owns and manages 5,000 homes in the area.
The Trowers & Hamlins team successfully assisted Coastline to secure a £50m loan through the Government’s Affordable Housing Guarantee Scheme.
Jasna Djurisic, Managing Associate in Trowers’ Banking & Finance team, commented: “It was good to reach completion to support Coastline’s mission to help solve the acute housing crisis in Cornwall. Everyone involved in the transaction looks forward to seeing these funds spent to help house the many struggling to afford homes.”
This financing deal complements Coastline’s successful grant bid with Homes England, creating a package of investment for affordable housing in Cornwall which will see the housing charity build 270 homes at a number of locations over the next three years – some for shared ownership, some for affordable rent and 154 for social rent.
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