Yorkshire housing firm completes development with £789k loan

A Yorkshire housing company has announced the completion of a new development following a six figure loan.

Hull House Improvement Society has completed its seven home development in Kingston upon Hull, which cost £1.05m.

The company received a £789k loan from Unity Trust Bank, as well as a £161k grant from the Hull City Council Right to Buy scheme.

This latest development takes the society’s property portfolio to 45, providing accommodation for around 90 people.

Mike Craughan, secretary of Hull House Improvement Society, commented: “We provide social housing which meets current housing standards and are targeted to be affordable to those local families in housing need.

“Broughton Court is the biggest financial investment we have undertaken to date.

“It is rare for such high-quality, three-bedroom, rented properties to become available in the Hull area and we are delighted with the development.

“Unity Trust Bank’s support has been invaluable throughout the whole process and we are proud to work with a bank that shares our vision in wanting to make a difference to society.”

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