council approves five year extensions to £35 million housing loans

the council accepted a mortgage of £five million to the arawak walton housing affiliation – the largest unbiased black and minority ethnic housing affiliation inside the north west – in may, 2017.

a loan of £30 million to the irwell valley housing association – a no longer-for-income charitable association – become accepted in april 2019.

each associations are based totally in more manchester. arawak has been trading for more than 25 years and has an asset base of round £57 million and an annual turnover of around £5 million.
irwell valley has more than 7,500 gadgets, inclusive of social and low-cost housing lettings.

the council’s cabinet permitted the extension of the loans following officers’ guidelines that it would promote economic regeneration and residence building in warrington and the north west sub-region.

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