Housing development secures £8.4m funding injection
A Black Country housing development has received an £8.4m funding injection in what is the biggest Midlands deal to date for the Home Building Fund.
The Homes and Communities Agency’s Investments team is loaning the money through the £3bn Home Building Fund.
The funding will ensure that the first part of a two-phase development at Crocketts Lane in Smethwick can progress.
The loan will fund 102 homes, which in turn will unlock the second phase of the development, which mainstream lenders found challenging.
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