Funding

funding

Vivid seeks US investors following merger completion

28/04/2017 | By Nick Johnstone

A new 30,000-home social landlord is in talks with foreign investors about loans of up to £200m as it scales up its development ambitions.

housing finance

Hyde issues £400m bond at 3% interest rate

27/04/2017 | By Pete Apps

A London housing association has issued a £400m bond at an interest rate of 3%, putting it among the cheapest individual deals secured in the sector.

Sanctuary Group secures European Investment Bank funding

Bristol launches £57m grant package for local associations

27/04/2017 | By Nathaniel Barker

Bristol City Council will launch a £57m package of grant funding for local social landlords today as it seeks to boost affordable housing in the city.

A2 Dominion issues £150m retail bond

Clarion reports reduced surplus to investors

26/04/2017 | By Pete Apps

The UK’s largest social landlord is expecting a reduced annual surplus this financial year due to a planned smaller sales programme.

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Lenders need 'assurance' over modular homes, CML says

26/04/2017 | By Nick Johnstone

Banks need “assurance” over the longevity and viability of modular homes as the government seeks to increase offsite housebuilding, the Council of Mortgage Lenders (CML) has said.

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housing finance

Hertfordshire housing association secures £65m Lloyds lending

24/04/2017 | By Nick Johnstone

A South East social housing provider has secured a £65m funding package from Lloyds Bank Commercial Bank to help deliver plans to build 800 new houses.

moodys

Newly merged association retains credit rating

21/04/2017 | By Pete Apps

A newly merged housing association has retained its strong credit rating.

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Snap election unlikely to halt bond deals, experts say

18/04/2017 | By Nick Johnstone

The snap general election on 8 June is unlikely to have the same chilling impact on the housing association bond market as the 2015 poll, finance experts have said.

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Social housing REIT makes £11.5m purchase

18/04/2017 | By Nick Johnstone

Civitas Social Housing has bought a portfolio of social housing stock for a total consideration of £11.5m, yielding 6.3%.

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Investment group launches supported housing joint venture

10/04/2017 | By Luke Barratt

A giant investment group has launched a joint venture to buy up new build supported housing schemes for people with learning disabilities.

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Octopus returns to housing with retirement scheme

05/04/2017 | By Luke Barratt

The private investor that recently disbanded its affordable housing venture has launched a new £200m business to provide homes for retirees.

accounts results statements financial

Investors: associations should publish half-yearly accounts

29/03/2017 | By Pete Apps

Housing associations should publish half-year accounts and report all market-sensitive disclosures on their website to comply with the needs of investors.

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loan mortgage lending

Scottish housing associations use majority of loan facilities

28/03/2017 | By Sophie Barnes

Scottish housing associations drew down 86% of the loan facilities available to them in 2015/16, according to the Scottish Housing Regulator.

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AHF bond breaks £1bn issuance barrier

28/03/2017 | By Nick Johnstone

The Housing Finance Corporation (THFC) has priced an £88m tap of its second long-term bond under its government-backed finance scheme today, bringing the total bond to more than £1bn invested for the first time.

funding

DCLG announces £16.5m capacity fund allocations

28/03/2017 | By Nathaniel Barker

A new £16.5m round of funding for councils to support housebuilding has been announced by the Department for Communities and Local Government (DCLG).

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DCLG opens talks with associations over rent setting post-2020

28/03/2017 | By Pete Apps

Civil servants have opened talks with the sector over rent setting post-2020, with a return to an inflation-linked deal among the options discussed.

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rates fall low interest cost bond finance

Bond aggregator completes first deal since 2015

24/03/2017 | By Pete Apps

A bond aggregator has completed its first deal for more than a year, with a £40.2m bond for four housing associations.

demolition brownfield factory

Barwell: 5% of Starter Homes Land Fund invested

24/03/2017 | By Sophie Barnes

The government has invested 5% of its £1.2bn Starter Homes Land Fund in 27 sites, the housing minister has revealed.

Shared ownership keys house buy

Shared ownership company buys housing association

23/03/2017 | By Pete Apps

A shared ownership specialist company has bought a housing association, as it seeks £1bn of institutional investment to fund new homes.

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moodys

Moody's: sales exposure to rise in future years

21/03/2017 | By Pete Apps

Debt, capital expenditure and exposure to the sales market will all rise as housing associations step up their development in the coming years, Moody’s has said.

Moody's warns credit rating

Association debt to exceed £80bn by 2019

21/03/2017 | By Nick Johnstone

Ratings agency S&P has said that housing association debt will exceed £80bn by 2019.

homelessness

Government shifts funding focus to greatest homelessness demand areas

16/03/2017 | By Sophie Barnes

The government has announced that £402m of funding over the next two years will be targeted at the councils with the greatest homelessness demand.

funding

HCA agrees loans for 10,250 homes

16/03/2017 | By Nathaniel Barker

The Homes and Communities Agency has agreed two loans with developers totalling £98.8m to kick-start projects which will provide 10,250 new homes.

regulation

S&P: deregulation 'will not damage credit ratings'

15/03/2017 | By Pete Apps

Impending deregulation will not damage credit ratings for English housing associations, a major ratings agency has confirmed.

funding

Council company targets institutional cash

15/03/2017 | By Nick Johnstone

Croydon Council’s housing company Brick by Brick is expected to launch a bid for institutional investment over the next six months – to finance its ambitious development plans.

economy

Economic sentiment among associations 'at highest point since crash'

15/03/2017 | By Pete Apps

Economic sentiment among housing associations is at its highest level since the financial crisis, with landlords scaling up delivery plans despite the looming threat of Brexit.

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Scottish Government announces £590m affordable housing funding

13/03/2017 | By Sophie Barnes

The Scottish Government will make £590m available this year to increase the supply of affordable homes in Scotland.

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PfP launches fund management arm with £150m acquisition

10/03/2017 | By Pete Apps

A housing association has launched a new fund management business with an acquisition of 1,379 units valued at £150m.  

Supported housing 559

Associations will not build supported housing without LHA cap certainty

10/03/2017 | By Sophie Barnes

Housing associations will not spend government funding earmarked for supported housing schemes unless more certainty is given over the Local Housing Allowance cap.

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Government moves grant funding forward a year to improve borrowing outlook

08/03/2017 | By Sophie Barnes

THE BUDGET: The government has moved £200m in housing association grants forward a year, which has helped lower its borrowing outlook from the Office for Budget Responsibility (OBR).

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Scottish parliament

SFHA warns Scottish DHP budget will be 'overwhelmed'

06/03/2017 | By Sophie Barnes

The Scottish Government has increased Discretionary Housing Payment (DHP) funding to almost £58m to mitigate the impact of welfare cuts in the first year it has control over DHPs.

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Three quarters of associations want rent freedom

02/03/2017 | By Nathaniel Barker

More than three quarters of housing associations support having rent freedom, a National Housing Federation survey has found.

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housing finance

Co-op Bank demands repayment of association loan due to technical breach

01/03/2017 | By Sophie Barnes

A Scottish housing association’s bank demanded early repayment of a loan after regulatory intervention triggered a technical breach of its covenants.

councils, repairs, auisterity, social housing

Councils seek to plug budget holes as rent cut bites

24/02/2017 | By Sophie Barnes

Councils are boosting their income through service charge rises and other fee increases as pressure from the 1% rent cut on Housing Revenue Accounts ramps up.

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Barratt boosts profits despite dip in homes built

22/02/2017 | By Pete Apps

The UK’s largest house builder has announced boosted profits in the six months to the end of December, despite a dip in the number of homes it built.

David Orr

Orr hits out at government supported housing proposal

21/02/2017 | By Sophie Barnes

The chief executive of the National Housing Federation (NHF) has hit out at a government proposal to hand supported housing funding to councils because he fears it will create geographical inequalities.

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Aberdeen council

Aberdeen association secures £12.5m loan

21/02/2017 | By Pete Apps

An Aberdeen housing association has secured a £12.5m loan to build 147 homes in the city and the surrounding area.

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Galliford Try reports 23% profit boost

21/02/2017 | By Pete Apps

House builder Galliford Try has reported a 23% profit boost in its half-year results through to the end of December.

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NHF warns of 'significant risks' in deal-based rents approach

20/02/2017 | By Pete Apps

The National Housing Federation (NHF) has warned of “significant risks” to a deal-based approach for future rent settlements.

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George Osborne holds up his briefcase for the media

NHF calls for rent freedom in Budget

17/02/2017 | By Sophie Barnes

The National Housing Federation (NHF) is calling for rent freedom and for housing to play a part in the government’s industrial strategy, ahead of next month’s Budget.

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housing money  house 559

Global Accounts: associations' sales activity soars 39%

17/02/2017 | By Nick Johnstone

Just 10 housing associations were responsible for three-quarters of the sale activity carried out by UK landlords in 2015/16, while the total proceeds from such sales grew by 39%.

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Cala on course for record profits

16/02/2017 | By Pete Apps

The house builder part-owned by giant institutional investor Legal and General (L&G) is set to deliver record profits and new homes, a trading update said.

Newbury

Sovereign secures £150m European investment

13/02/2017 | By Nick Johnstone

Sovereign, the UK’s sixth-largest housing association, has signed a £150m funding deal with the European Investment Bank (EIB) to support its plans to build 4,500 new homes over the next three years.

National flag of Wales

£30.5m loans for Bron Afon to build 450 homes

13/02/2017 | By Nathaniel Barker

Welsh association Bron Afon Community Housing has pledged to build 450 homes after securing £30.5m in loan deals.

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Barwell: we will balance 'fiscal consequences' with calls for rent flexibility

08/02/2017 | By Pete Apps , Tim Clark

The government will balance the “fiscal consequences” of higher rents against housing associations’ calls for full flexibility, the housing minister has said.

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RENT INCREASE 394px

Government to set new post-2020 rent standard for housing associations

07/02/2017 | By Pete Apps

WHITE PAPER: The government will set out a new rent standard for social landlords for the period after 2020 “in due course” to help housing associations build.

housing finance

AHF makes £25m loan to south Wales association

06/02/2017 | By Nathaniel Barker

South Wales housing association United Welsh has secured a £25m loan from Affordable Housing Finance (AHF).

Deal

Housing association strikes £85m deal with investment manager

06/02/2017 | By Sophie Barnes

One Housing has borrowed £85m to build 1,450 homes in a long-term deal with investment manager M&G Investments.

Helen Rourke Trafford Housing Trust social housing finance

Why we embarked on a £275m refinancing deal

01/02/2017 | By Helen Rourke

Trafford Housing Trust’s director of finance, Helen Rourke, explains the thinking behind the major deal announced last week

Benefit cap

Scottish councils warn lower benefit cap putting pressure on DHP budgets

31/01/2017 | By Sophie Barnes

A number of Scottish councils have warned they may not be able to afford the full cost of Discretionary Housing Payments to cover tenants’ rent in the future because of the new lower benefit cap.

loan mortgage lending

CML backs HCA's independent regulator plans

30/01/2017 | By Tim Clark

The Council of Mortgage Lenders (CML) has said it supports plans to establish an independent regulator for the sector.

rates fall low interest cost bond finance

Moody's corrects ratings for £105m bond after accidental downgrade

30/01/2017 | By Tim Clark

Financial ratings agency Moody’s has upgraded a £105m secured bond issued by Places for People after admitting to a rare admin error last June.

funding

Giant higher education pension fund invests in supported housing

30/01/2017 | By Pete Apps

A construction company has launched a joint venture with one of the UK’s largest pension funds to build a £200m portfolio of supported housing.

Deal

Trafford strikes £275m funding deal

24/01/2017 | By Nick Johnstone

A Manchester-based housing association has struck a new £275m funding deal with two banks and two institutional investors, replacing a previous £145m facility.

Deal

Cheyne Capital buys £51.8m Croydon portfolio

20/01/2017 | By Nick Johnstone

The Cheyne Social Property Impact Fund has purchased a 338-unit portfolio of residential properties in Croydon, thought to be worth £51.8m.

development

German bank to fund Manchester PRS scheme

16/01/2017 | By Pete Apps

A German bank has agreed to provide an £85m loan to fund a large private rented sector development in Manchester.

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.

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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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