Unity Trust Bank has provided a £6m loan to ARHAG Housing Association to purchase 47 developed units in Barnet, north London, for refugee and migrant communities in the area.
The housing units include 21-two bedroom flats located in Woodside Park and 26 two- and three-bedroom houses spread across Barnet in Edgeware, Burnt Oak and Muswell Hill.
Ian Heesom, relationship manager at Unity Trust Bank, said: “As a commercial bank with a social conscience, we’re committed to having a positive impact on the communities that we serve.
“Organisations like ARHAG are increasingly looking for an ethical bank that shares their values.
“There is a shortage of housing in London generally, but particularly so in inner-city areas.
“I’m pleased that our lending can help to alleviate this issue for communities in need.”
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