Stewart Dickson MLA said: “This is fantastic news that 1,600 new houses will be built in the coming years. I hope it will reduce the waiting lists for social housing and ensure that we have more modern and high standard homes.
“This announcement will also be a big boost to our construction sector that has faced a number of difficult years.
“I am glad to see our local banks getting involved in such a major business deal. It is obviously an indication of a growing confidence in our economy.”