Paragon issues £250m bond

AHF secures £114.8m record low bond

12/01/2017 | By Nick Johnstone

Two housing associations have secured a £114.8m bond at a record low rate under the government’s guaranteed finance scheme.


Scottish Government announces £1.65m funding for housing support

09/01/2017 | By Sophie Barnes

The Scottish Government has announced the recipients of £1.65m of funding for homeless services and housing providers working with vulnerable people.

Elderly woman receiving care at home

Councils to build specialist affordable rented homes with government cash

06/01/2017 | By Sophie Barnes

Councils that were awarded the largest pots of funding from the government’s Shared Ownership and Affordable Homes Programme will spend the money largely on affordable rented homes in the supported housing sector.

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Revealed: tenure breakdown for Affordable Homes Programme

06/01/2017 | By Sophie Barnes

The government has revealed the tenure breakdown of the homes that will be funded by part of its Shared Ownership and Affordable Homes Programme.

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Moody's warns credit rating

EMH Group keeps stable credit rating

06/01/2017 | By Sophie Barnes

An East Midlands-based housing association has kept its A+ rating from Standard & Poor’s (S&P).

house building

Bidding open for government's affordable housing programme

05/01/2017 | By Sophie Barnes

The government has opened the bidding process for its beefed-up affordable housing programme, with the majority of funding still expected to deliver homeownership products.

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Civitas buys £15m supported living portfolio

03/01/2017 | By Nick Johnstone

Civitas Social Housing, the pioneering Real Estate Investment Trust, has today announced the acquisition of a £15m portfolio of 17 supported living properties.

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Extra care scheme, Manchester

County council plans 600 extra care homes

21/12/2016 | By Sophie Barnes

A county council is pushing ahead with plans to deliver 600 extra care homes as the pressures on adult social care eat into its budget.


Successful bidders for learning disability housing fund announced

20/12/2016 | By Luke Barratt

Councils from Cornwall to Tyneside have won a share of a £25m pot to help people with learning disabilities live independently.

Moody's warns credit rating

Association's top credit rating affirmed by agency

16/12/2016 | By Pete Apps , Clare Mullooly

A housing association based in west London has had its high credit rating affirmed, meaning it becomes the joint best rated association in the country.

Scottish parliament

Scottish Government announces rental income guarantee scheme

15/12/2016 | By Sophie Barnes

The Scottish Government will develop a rental income guarantee scheme to kick-start delivery of private rented sector homes “at scale”, it has revealed in its draft budget for 2017/18.

A2 Dominion issues £150m retail bond

Wembley PRS scheme benefits from £39.4m bond

15/12/2016 | By Nick Johnstone

A private rented sector scheme in Wembley has become the latest recipient of bond money secured under the £3.5bn Private Rented Sector Housing Guarantee Scheme.

housing finance

Civitas Social Housing REIT lands £65m debut purchase

15/12/2016 | By Nick Johnstone

Ground-breaking social housing investor Civitas Social Housing PLC has today announced its first deal – the £65m purchase of a portfolio of supported living properties on leases of 25 years.

European Commission

Notting Hill seeks £200m EIB loan

14/12/2016 | By Nick Johnstone

Notting Hill Housing Trust is awaiting approval of a £200m loan from the European Investment Bank (EIB), to fund around 1,000 homes across a number of new build affordable rented projects.

Paragon issues £250m bond

Scottish landlord takes £5m loan from social investor

09/12/2016 | By Simon Brandon

Dumfries & Galloway Housing Partnership (DGHP) is set to build 80 new affordable homes with a government-backed £5m, 10-year loan from a social investment charity.

Essential Living

Essential Living secures £60m loan for modular housing

09/12/2016 | By Mark Smulian

Developer Essential Living has secured a £60m loan facility for what it believes is the UK’s first modular build-to-rent scheme.


Deregulation in Scotland 'credit negative'

09/12/2016 | By Simon Brandon

Plans by the Scottish Government to weaken social housing regulation will be credit negative, the chair of the Scottish Housing Regulator has warned.

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L&G raises £170m for build-to-rent investment

08/12/2016 | By Mark Smulian

Legal & General has raised a further £170m from institutions for its build-to-rent fund, taking its total investment in this field to around £1bn.


Large London associations announce latest mega-merger plans

07/12/2016 | By Mark Smulian

Peabody and Family Mosaic housing associations have announced plans to merge to create a giant 55,000-home landlord.

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Digital bank enters shared ownership market

07/12/2016 | By Simon Brandon

A UK-based digital-only bank has become the latest mortgage lender to enter the shared ownership market.

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L&Q and East Thames complete merger and £2.6bn refinancing

06/12/2016 | By Nick Johnstone

L&Q and East Thames have completed their mega-merger, alongside a £2.6bn refinancing deal with seven banks.


£13bn housing investment included on infrastructure list

05/12/2016 | By Mark Smulian

Investment of almost £13bn in 18 housing projects and programmes has been listed in the government’s £500bn infrastructure pipeline.

Moody's warns credit rating

Stonewater retains credit rating from Moody's

02/12/2016 | By Mark Smulian

Housing association Stonewater has retained its A1 rating from credit ratings agency Moody’s.


Grainger profits leap 64%

01/12/2016 | By Mark Smulian

Growing demand in the private rented sector has driven a 64% leap in pre-tax profit for residential landlord Grainger.

Manchester Skyline

Government injects £45m into 2,000 private rental homes

01/12/2016 | By Sophie Barnes

The government has announced a loan of £45m from its new Home Building Fund will go towards more than 2,000 private rental homes in Leeds, Birmingham and Manchester.

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Clarion Group formed as mega-merger completes

30/11/2016 | By Pete Apps

Affinity Sutton and Circle Housing Group have completed their long-awaited ‘mega-merger’, joining forces to become Clarion Housing Group, the UK’s largest housing association and one of its biggest house builders.

Moody's warns credit rating

Guinness placed on 'negative' outlook by credit agency

29/11/2016 | By Mark Smulian

One of the UK’s largest social landlords has had its credit outlook moved to negative, due to increasing levels of open market sale.


Moody's places L&Q and Affinity 'under review for downgrade'

29/11/2016 | By Nick Johnstone

L&Q and Affinity Sutton are both facing ratings downgrades as a result of their respective mergers with East Thames and Circle Housing Group.

Edward Lister

HCA chair reveals equal split of funding for tenures

28/11/2016 | By Sophie Barnes

The government’s £4.7bn Affordable Homes Programme could equally fund affordable housing, Rent to Buy and homeownership products, the chair of the Homes and Communities Agency revealed today.

A2 Dominion issues £150m retail bond

PfP launches third retail bond

28/11/2016 | By Mark Smulian

Places for People Group has launched its third retail bond, which pays a fixed rate interest of 4.25% a year and is due to mature in 2023.


Flagship council housebuilding scheme quietly axed

27/11/2016 | By Nick Johnstone

A flagship £100m Local Government Association scheme, designed to give smaller local authorities the opportunity to borrow collectively to build housing, has been wound down.


Javid takes lead on cross-departmental housing taskforce

25/11/2016 | By Corin Williams

Communities secretary Sajid Javid has revealed he is heading up a Whitehall housing taskforce, as he issued a stark warning to big builders that they must improve build-out rates.


Cambridgeshire and Peterborough devolution deal signed off

24/11/2016 | By Sophie Barnes

Cambridgeshire and Peterborough have given the go-ahead to a devolution deal that will include a £170m affordable housing fund.


Additional £1.4bn of affordable housing cash as restrictions lifted

23/11/2016 | By Sophie Barnes

The £1.4bn of affordable homes cash is additional to the £4.7bn previously announced, with the restrictions limiting that funding to homeownership products lifted.

housing finance

Industry calls for reinstatement of Affordable Housing Guarantee scheme

23/11/2016 | By Nick Johnstone

The housing industry has called on the government to reinstate the Affordable Housing Guarantee scheme in today’s Autumn Statement, after it was scrapped by former chancellor George Osborne last November.


Grant for affordable rented housing to return in Autumn Statement

23/11/2016 | By Sophie Barnes

The government will invest £1.4bn to deliver 40,000 new homes and relax restrictions on affordable housing funding, as part of the Autumn Statement today.

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Moody's warns credit rating

Essex association retains credit rating

18/11/2016 | By Pete Apps

An Essex-based housing association has had its credit rating upheld by an agency, despite several recent downgrades.

housing finance

PRS bond raises £265m at 1.75%

18/11/2016 | By Pete Apps

A government guarantees programme for the private rented sector has issued its long-awaited £265m bond, with a coupon of 1.75%.

A2 Dominion issues £150m retail bond

Pioneering social housing REIT raises £350m

16/11/2016 | By Nick Johnstone

Civitas Social Housing Real Estate Investment Trust (REIT) has announced that it has raised £100m more than its planned fundraising of £250m, as it prepares to float on the London Stock Exchange on Friday.


Profits rise 10 times faster than supply at major builders, report finds

16/11/2016 | By Sophie Barnes

Profits grew 10 times faster than housing completions among the top five house builders between 2010 and 2015, a new report has found.

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housing finance

PRS Housing Guarantee Scheme prepares to issue £265m bond

11/11/2016 | By Pete Apps

The long-awaited private rented sector (PRS) government-guaranteed bond is currently being roadshowed to investors ahead of a launch next week.

A2 Dominion issues £150m retail bond

Experts split on benefits of bond-buying programme

10/11/2016 | By Pete Apps

Sector experts are divided on the potential financial benefits of the inclusion of some housing associations in the Bank of England’s £10bn corporate bond-buying programme.

housing finance

Association agrees £35m bond sale

09/11/2016 | By Pete Apps

A West Midlands housing association has agreed a staggered sale of £35m of bonds to an institutional investor.

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Apex downgraded by credit agency

08/11/2016 | By Pete Apps

One of the largest housing associations in Northern Ireland has had its credit rating lowered to A from A+ by an agency.

Paragon issues £250m bond

A2 Dominion raises £250m with unsecured bond

07/11/2016 | By Pete Apps

A London housing association has raised £250m after completing a 12-year unsecured bond deal today.


Birmingham City Council signs £55m Chinese deal

07/11/2016 | By Sophie Barnes

Birmingham City Council has signed a £55m deal with Hong Kong and Chinese investors to build new flats on a brownfield site in the city.

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Sector cautious about social housing REIT

04/11/2016 | By Nick Johnstone

Sector figures have responded with caution to the launch of the UK’s first social housing REIT, expressing concerns that its sale-and-leaseback style strategy could tie associations into onerous long-term obligations to a listed company.

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Domestic violence

DCLG launches £20m fund for domestic violence victims

03/11/2016 | By Sophie Barnes

The government has launched a £20m fund to increase accommodation for victims of domestic violence.

Aberdeen council

Aberdeen Council issues £370m bond

03/11/2016 | By Sophie Barnes

Aberdeen City Council has issued a £370m bond to fund its capital and infrastructure programme.


Welsh Government to fund 500-home council building programme

02/11/2016 | By Sophie Barnes

The Welsh Government will provide funding for councils to kick-start the building of 500 homes by 2021, as part of its 20,000 affordable homes target.

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International Petroleum Exchange (IPE) trading floor

Ground-breaking £250m social housing REIT to launch

01/11/2016 | By Nick Johnstone

The former chief executive of Homes for Haringey is today making an unprecedented £250m bid to list the first ever Real Estate Investment Trust (REIT) targeted at the social housing sector.

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Aberdeen council

Aberdeen City Council eyes bond issue

26/10/2016 | By Sophie Barnes

Aberdeen City Council is looking to become the first Scottish local authority to issue a bond as it seeks funds for its £1bn capital programme.

Sanctuary Group secures European Investment Bank funding

Nationwide to axe Scottish lending team

19/10/2016 | By Heather Spurr

The second-largest lender to the Scottish social housing sector will scrap its dedicated team north of the border and merge its functions with its operation based in England.

Paragon issues £250m bond

Sub-2% deal for AHF as central bank buys bonds

12/10/2016 | By Pete Apps

Affordable Housing Finance has raised £124.5m at an interest rate below 2%, after a foreign central bank bought up its bonds.

A2 Dominion issues £150m retail bond

Association pays £50m to unwind swaps

12/10/2016 | By Pete Apps

A housing association paid close to £50m last financial year to terminate and restructure a number of swaps and reduce its exposure to market volatility.

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Grainger forecasts £50m profit

11/10/2016 | By Pete Apps

The largest listed private landlord in the UK has told investors to expect profit of more than £50m for the year after strong growth despite stamp duty changes and the EU referendum.

Aberdeen council

Aberdeen City Council in credit rating first

10/10/2016 | By Sophie Barnes

Aberdeen City Council has become the first local authority in Scotland to be assigned a credit rating as it seeks funding to build 3,000 homes over 15 years.

CE, Taylor Wimpey

Redfern: government focus on homeownership 'destructive'

10/10/2016 | By Sophie Barnes

The government’s focus over the past year on homeownership is “destructive” for the long-term supply of housing, the chair of a Labour-commissioned review has said.

Pic of arm holding a bag of money

Japanese bank signs £75m association deal

07/10/2016 | By Pete Apps

A Japanese bank has signed a new 10-year loan for £75m with a home counties social landlord.


Sovereign credit rating downgraded ahead of merger

04/10/2016 | By Pete Apps

A South West-based housing association has had its credit rating lowered ahead of a major merger due to “revenue pressure stemming from rent cuts”.