Housing and care provider secures £12m charitable bond from Allia C&C
Allia C&C has issued a loan of £12 million through the Scottish Government’s charitable bonds scheme to enable Blackwood Homes and Care to deliver 160 highly accessible homes across Scotland.
Allia C&C has been supporting the development of affordable homes across Scotland for the last four years with its Scottish Charitable Bond programme. The bonds provide simple, affordable loans to housing associations solely for building affordable housing, using Scottish Government investment. The interest on the loans enables the Scottish Government to also provide grants for further social housing benefit.
The loans are available for five to 15 years on an unsecured basis with light covenants in place, and no loan or interest repayments are made until the end of the term.
Blackwood’s pioneering ‘Blackwood House’ has been carefully considered to remove obstacles that can disrupt daily life for tenants. Homes will come equipped with electronic sliding doors, electric blinds and underfloor heating as well as solar panels.
Other special features include rise and fall surfaces and cupboards in the kitchen. The contemporary bathrooms will be fitted with the fully adjustable Pressalit system so fittings can move horizontally and vertically. The suite also comes with a self-cleaning toilet.
Daniel Carrico, head of origination at Allia C&C, said: “We’re really pleased to be supporting Blackwood’s ambitious development plans. Knowing the £12m bond will be used to create much needed accessible housing really showcases the social impact this will have on society, both now and in the future.”
Debbie Collins, finance director at Blackwood, said: “We are absolutely thrilled to receive this backing from Allia C&C. This will enable us to deliver more accessible housing across Scotland. There is huge demand for these homes and with an ageing population we need to build more for all of our futures.”