project snapshot

Development of new homes for social rent
To meet the local need for affordable and accessible homes

THE CAUSE

Clydebank Housing Association was established by local residents in 1985, to modernise run-down tenements in the town centre. Its development programme has since provided well over 1,000 high-quality, affordable homes for rent or shared ownership in Clydebank.


OUR SUPPORT

In 2016, the Association approached us to support the regeneration of the derelict site of a former cinema. Two years later, the La Scala Apartments development was completed, providing 44 one-bedroom and two-bedroom flats at affordable rent, including four wheelchair-adapted homes. The project was supported by £3.1m in grant funding from the Scottish Government and a £2m loan from CAF Bank.

For its next project, the social housing provider is working with Cube Housing Association and West Dunbartonshire Council on the development of 146 affordable homes at Queens Quay in Clydebank. CAF Bank has provided Clydebank Housing Association with a £2.1m loan to help fund its acquisition of 37 flats for social rent, scheduled for completion in 2022.


The application process was seamless, our values are aligned and we thank everyone at CAF Bank for helping us achieve our development goals.

Lynette Lees
CEO of Clydebank Housing Association


Exterior image of Queen's Quay development in Clydebank

THE IMPACT 

The affordable housing development at Queens Quay is part of a £250m regeneration project to transform a former shipyard into a vibrant waterside community, combining new housing, retail and leisure facilities, offices and a state-of-the-art health centre – serviced by a water-sourced, district heating system. 

Kevin Stewart, MSP, commented, “This new development will provide people with safe, warm, accessible homes and also deliver a boost to the area with additional social and economic benefits for the local community”. 



NEED HELP TO BRING YOUR IDEA TO LIFE?

Flexible loan finance and a partner who understands your business model can help you get your project off the ground. Find out how.

Get in touch today

CAF Bank loans are non-regulated products.

Loan applications subject to credit assessment. Security will be required.

Charity assets may be at risk if you do not keep up with the repayments for a mortgage, loan or any other debt secured on them.

If you're thinking of consolidating existing borrowing, you should be aware that you may be extending the term of the debt and increasing the total amount you pay.

CAF Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 204451).

CAF Bank Limited Registered office is 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ. Registered in England and Wales under number 1837656.