The organisation, which has been providing social housing in Edinburgh since 1995, will use the funding to refinance a former housing loan and the balance will be used to fund MEHA’s mission to maintain and improve the quality of its affordable housing.

With around 1,100 homes across the capital, MEHA has a long-standing commitment to delivering excellent housing services, developing new housing, with effective governance and financial management to secure the long-term future of the organisation. As proof of MEHA’s commitment to housing, they have recently completed the first phase of a new development in South Queensferry.

This support from Royal Bank of Scotland is part of the NatWest Group’s broader ambition for the UK affordable housing sector to fund £7.5 billion across the UK between 1 January 2024 and year-end 2026.

Kathryn Miller, corporate services director & depute CEO of MEHA, said: “We are delighted to be working with the Royal Bank of Scotland and are looking forward to a long and positive working relationship between both organisations.

“Part of the new funds will help fund improvements in our housing stock over the next few years.”

Jamie Landa, real estate finance at Royal Bank of Scotland, added: “Royal Bank of Scotland and the wider NatWest Group continues to be one of the leading lenders to the UK social housing sector.

“Manor Estates Housing Association has a long history in providing quality and affordable social housing in key regions of Edinburgh and the East Coast and we are delighted to be able to facilitate further support for their ongoing projects here in Scotland.

“As the organisation enters its 30th year in operation, it is great to help it prepare for the future and create opportunities for more people to enjoy access to affordable social housing.”

This funding injection comes after Royal Bank of Scotland concluded a lending transaction of £19m for social housing developer Eildon Housing Association, with the Housing Association planning to deliver nearly 800 new homes in the Scottish Borders.