Trivallis Housing Association has secured a new £25m funding line from the commercial arm of Principality Building Society as it looks to increase its stock of affordable homes.
Formally known as RCT Homes, Trivallis employs over 400 staff and provides homes to 25,000 people across Rhondda Cynon Taff and Cardiff Bay. It also manages nearly 11,000 homes.
The new partnership with Principality Commercial, the commercial arm of Principality Building Society, will support Trivallis in its strategy to maximise the use of its existing properties and explore new build opportunities in the Rhondda Cynon Taf area.
Richard Wales, commercial lending director at Principality Building Society, said: “It is an absolute pleasure to have the opportunity to work with Trivallis, where we are proud to assist with their development and regeneration ambitions to increase the number of urgently needed affordable homes in the Rhondda Cynon Taff area.
“This funding isn’t just about building homes; it’s about giving people the foundation they need to build their futures. At Principality, we believe in providing people with better homes that meet their needs, and by working with Trivallis, we are helping to create lasting, positive change for both communities and individuals alike.”
Lisa Pinney, executive director of resources for Trivallis, said: “Community is at the heart of what we do, and we are very grateful that we have the support of an organisation whose core values align so closely with our own.
"We are delighted to be working in partnership with Principality who will help us continue our efforts to provide affordable and sustainable housing, with the objective of building strong communities and improving the well-being of those living in them.”