b'Oaklee HousingOaklee Housing is part of the Choice Group,Oaklee Housing has developed strong working managing more than 1,000 high quality homesrelationships with a range of partners that in the Republic of Ireland.allows for the delivery of much needed social housing developments in Ireland. Working Homelessness is a growing issue that with local councils, Housing Finance Agency, now affects almost 8,000 people in Ireland.Department of Housing, Planning and Local Mortgage defaults, increases in private sectorGovernment and a range of contractorsrents and a limited supply of housing haveOaklee Housing have established themselves added to an already acute demand for socialas a vital social housing provider in Ireland. homes. In this changing operating environment, Oaklee Housing is playing a key role inMost recent announcements on new housing meeting the challenge of Irelands housingdevelopments include 9.5m development in and homelessness crisis. In the last 12 months,Co Offaly which will provide 41 much needed Oaklee Housing welcomed tenants to 206new homes. newly completed homes across Ireland whilestarting on site on 60 homes.In 2018, Oaklee Housing announced details of a long-term (25 years+) 50m debt financing In 2018, Oaklee Housing opened a number ofagreement with German-based Norddeutsche exciting and much-needed new developmentsLandesbank (NORD/LB). across the country including schemes in Enniscorthy, Co. Wexford, Ballymun, Co. Dublin and Mountrath, Co. Laois.Sharon Cosgrove,Chief Executiveof Oaklee Housing, said:Our innovative financing structure and subsequent agreement with NORD/LB is putting more than 50million directly into the delivery of circa 250 social homesin the areas where they are needed most. It is pleasing to see an international bank investing with confidence in large scale housing programmes and we hope others will follow.This is one of the most cost-effective long-term finance arrangements ever used in Ireland and means that we can make public money go further and deliver more. It represents good business for Oaklee Housing and is a strong vote of confidence in our ability to deliver high quality homes for those in greatest need across Ireland in the years ahead.'