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Housing Today
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Gloucester City Homes agrees £130m funding deal as part of 400-home plan
Stock transfer housing association to regenerate existing estate
Gloucester City Homes has secured a £130m finance package with NatWest that will see it deliver 400 new homes.
The deal, which includes £30m in new funding, significantly extends the level of commitment from the bank to the 5,000-home housing association, in terms of both loan maturity and funding amount.
As part of its plans, Gloucester City Homes (GCH) will spend £19m on energy efficiency improvements ensuring all its homes are at least EPC C by 2030.
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