Housing association secures £65m to build affordable homes and invest in current stock

Fife Housing Group has secured a £65 million funding package from Royal Bank of Scotland.The deal will enable the group to refinance its current debt, increase investment in its housing stock and continue to build new, much-needed homes in Fife.Fife Housing Group is one of the largest independent housing associations in the East of Scotland, with almost 2,500 properties in communities from High Valleyfield in west Fife to Ceres in the east. Priding itself in its transparency and consistency, the group has made significant improvements to its performance in key areas over the past five years and is now seeing this reflected in customer satisfaction levels.The finance package will help contribute to the delivery of more than 90 new homes over the next two years, with the organisation looking at a number of potential locations in Fife.