In April Genesis Housing Group completed additional loan facilities of £160m through GenFinance, the Group's treasury company, to support the Group's development pipeline.

These additional facilities are with three relationship banks and are on similar margins and terms to the existing facilities. Genesis continues to have strong relationships with its core lenders and will seek opportunities to diversify its funding sources on competitive terms.

GenFinance currently has access to facilities totalling £1.1bn.

Paul McCurry, Head of Corporate Finance at Genesis Housing Group, says "We are very pleased with the continuing support for Genesis' strategy, shown by the support of our relationship banks."

Steve Coleman, Director of Development at Genesis, says "This year we will be building over 4,000 homes, and this funding enables us to continue with our growth strategy".

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For further information please contact Diana Evans, Press Officer, on 020 8150 4178 or email: Diana.evans@ghg.org.uk

Notes to Editors

Genesis Housing Group provides homes and services to tens of thousands of people across London and the south east. The Group consists of PCHA, Pathmeads and Springboard housing associations. It also has in its group a charitable foundation, Genesis Community. It is one of the largest and most successful housing groups in the UK, owning and/or managing more than 40,000 homes. Its overiding aim is to put customers first and provide excellent service to all.