All 170 homes will be built to a minimum Energy Performance Certificate (EPC) rating of B, achieved through a fabric-first approach that prioritises highly efficient building materials and construction methods.
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Lesley Janes, Finance Director at Kingdom Group, said: “Partnerships like this make our work possible. This £20 million allows us to continue building affordable homes where they’re needed most and to keep supporting the people and communities we serve.”
The new homes form part of KHA’s ambitious development programme. Over the next five years, the association plans to deliver 2,500 new homes, increasing its supply of affordable housing by almost a third.
Founded in 1979 and headquartered in Fife, Kingdom Housing Association now manages more than 7,000 homes, providing housing, care and support services across the region.
The latest lending facility builds on KHA’s long-standing relationship with the Royal Bank of Scotland, bringing total lending between the two organisations to £61 million.
Bruce Davidson, Relationship Director at Royal Bank of Scotland, said: “The housing crisis is one of the biggest challenges facing our country, and Royal Bank of Scotland is committed to helping tackle this issue through significant investment in the sector.
“We are proud to continue our support to allow Kingdom Housing Association to build and maintain affordable, energy-efficient homes across Fife and Perth & Kinross.”