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FOLD HOUSING ASSOCIATION TO
INVEST £40 MILLION IN ITS 40TH YEAR
One of the leading
housing associations in
Northern Ireland has
announced that it will
invest £40m in 2016 as it
celebrates its 40th year
as a social enterprise.
The investment by Fold
Housing Association will see
over 400 new homes started
in 10 locations. This will provide
over 500 construction jobs and
will represent an investment
in the wider economy of over
£115m. This year, Fold will
have over 800 homes under
construction throughout
Northern Ireland.
Work has already started
on several significant
developments, including the
former Visteon site in west
Belfast. The £25m project will
see the construction of 244
new private and social homes,
set amidst extensive open
space. It represents an overall
investment of £70m in the
wider economy and will allow
for the creation of up to 600
jobs on space designated for
business use.
John McLean, chief executive
of Fold Housing Association,
said: “Fold began in 1976
as a response of a group of
committed volunteers to meet
housing and care needs for
older people. Since then the
organisation has developed a
network of sheltered housing,
housing with care and related
care services. We now manage
6,600 homes covering family,
sheltered and complex client
need groups.
“We have diversified to
become the largest provider of
assistive technology in Ireland
with 23,000 homes availing
of our Telecare and Telehealth
services enabling people
with chronic diseases such as
diabetes and COPD to manage
their own health.”
With a turnover of £40m the
social enterprise employs over
850 people in 60 towns across
Northern Ireland.
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