Partick Housing Association owns around 1,800 properties in the west end of Glasgow and is an active provider of social housing and affordable homes.
The social landlord has already earmarked the vacant site of the former St. Peter’s School in Partick. The £8m redevelopment will consist of 60 flats and will offer a mix of social housing, mid-market rental property and supported accommodation.
Work is expected to commence on the site, which will incorporate conversions and new build properties, early next year.
The new homes are being delivered to help meet a significant shortage in quality affordable homes in the west end of the city.
To help fill the gap, Partick Housing Association recently launched a new £6.5m housing development at Broomhill Gate.
The 46-unit site was constructed on the site of the former Broomlea School.
Les Milne, chairman of Partick Housing Association, said: “We’re pleased to have secured further support from Clydesdale Bank.
"The funding package put in place is a real boost for our commitment and ambitious plans to provide new homes and improve existing homes to meet local housing needs, which will deliver significant benefits for the people that matter – our tenants.
“With Clydesdale Bank’s support, we are now a step closer to delivering the redevelopment of the St. Peter’s site.
"The deal also means we are repaying our existing debt on more favourable terms; enabling us to invest more in delivering new and improved homes and meeting the diverse needs of people in the west end of the city.”