From urgent repairs to the construction and development of new accommodation, Charity Bank loans have been used to help Almshouses deliver their mission.
Michael McAleenan, Chair of the Andrew Windsor Almshouse Charity said: “Charity Bank is ethically compatible with us. The ethos of the organisation sat well with us, and the initial discussions progressed well. The rate of interest was as good as we’d get elsewhere. Our Loans Manager came to visit me at my house. I told him the charity’s requirements and we went forward from there.”
Read more about their storyWe’ve lent over £400 million to charities and social enterprises, including 301 loans made to Almshouses and other social housing providers.
“Since joining Charity Bank in 2005 I have been heavily involved with lending to Almshouses. If your Almshouse is thinking about loan finance, please do get in touch.”
Carolyn Sims
Director of Lending at Charity Bank, Director of The Almshouse Consortium Ltd. & Trustee of Huggens College Almshouse
Matthew White, CEO and Clerk, Coventry Church Municipal Charities said: “Charity Bank gave our Board of Trustees an immediate confidence in their knowledge of Almshouses, how we work, our structure and our needs. The fact that they are an ethical lender was also important as this aligned with our overall aims and aspirations. Throughout, Charity Bank was transparent about their requirements, understanding and helpful.”
Read more about their story