Social Housing - Development Finance
Who Are We:
- Dedicated Social Housing Team
- Extensive in-house expertise – lenders, engineers, surveyors, economists, solicitors
- Part of wider development team (PRS, private schemes, balance sheet lending, commercial schemes)
AIB Social Housing Fund
- New €500 million Social Housing Fund launched in December
- Follows on from previous social housing fund of €100 million (launched February 2018)
- A key part of AIB’s commitment to the housing agenda
- Sponsors of ICSH Conference
- Work directly with AHBs
- Operate as ‘one stop shop’ if long term funding required
What We Offer:
- Funding available up to 70% of net value of the contract
- Social schemes in all counties within ROI considered
- Phasing is not a requirement unlike private schemes
Submitting a Proposal – Required Info.
- Business Plan including experience of developer and the full professional team, development description, funding requirements, build plan and sales strategy
- Technical Details including planning permission, drawings, GI reports, etc.
- Monthly Development Cash Flow
- Track record of developer is key