To ask the Minister for Social Development what proportion of bank loans secured by Clanmill Housing to construct 1,600 houses has been drawn down.

My Department does not hold information about the private finance arrangements between housing associations and financial institutions. In April Clanmil announced that some £100m of the £120m bank loans agreed with Barclays and Danske would be invested in building 1,600 new social homes, with the remainder used to finance existing loan facilities.