Watmos Community Homes, which is headquartered in Walsall, is set to drive forward plans to upgrade over 1,000 homes by 2024, thanks to funding secured from NatWest.
The organisation will use the £12.5 million funding package to improve the energy performance of its homes, helping to reduce utility bill. It will also use the funding to build an additional 15 new houses to its portfolio of 2,700 homes across Walsall and London.
David Saunders, Director of Resources, Watmos Community Homes, said: “The funding from NatWest will enable us to update our current portfolio of properties, making them more energy and cost efficient for our tenants living in them.
“As we expand, we will continue to focus on improving lives by providing social housing. We’ll also maintain our community services which work with the local areas to provide social activities and clubrooms, supporting local partners on community priorities and joint working with local community organisations.”
The funding forms part of NatWest’s recent commitment to support the housing association sector with £3 billion of finance by the end of 2022. This will support the increase in provision of social housing, as well as the improvement of existing properties.
Dharmesh Patel, NatWest Associate Director, Duncan Todd, Relationship Director, Alan Saunders, Credit Director, supported Mr Saunders and the team at Watmos Community Homes.
Mr Patel said: “At NatWest we are committed to supporting housing associations and have provided a funding package that will help Watmos Community Homes provide funding to support refurbishment works to existing properties and new accommodation to people in need across the West Midlands and London. We will continue to work with Watmos as it expands its portfolio of affordable and shared ownership housing.”
Watmos Community Homes was founded in 2003 when they took over management of 1,800 homes from Walsall Metropolitan Council, following a large-scale voluntary transfer (LSVT).
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