The multi-tenure development programme from Raven Housing Trust – which operates across Surrey and Sussex – will provide homes for affordable rent, shared ownership and market sale.
Steve Aleppo, interim director of governance and finance at Raven, said that this was a significant milestone for the housing association.
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“It’s a great endorsement of our plans to make a difference to the lives of our customers.”
LGIM RA has invested around £1bn to a range of registered housing providers to date.
The latest financing has been provided on behalf of its clients, namely Legal & General Retirement Institutional.
“This transaction is a testament to our commitment to this sector, and shows that it continues to be a significant focus for LGIM RA as part of our wider group strategy to deliver much-needed quality homes in the volume that society requires,” added Steve Bolton, investment manager of corporate private credit and LGIM RA.