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.
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.
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.
An Aberdeen housing association has secured a £12.5m loan to build 147 homes in the city and the surrounding area.
House builder Galliford Try has reported a 23% profit boost in its half-year results through to the end of December.
The National Housing Federation (NHF) has warned of “significant risks” to a deal-based approach for future rent settlements.
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.
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%.
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.
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.
Welsh association Bron Afon Community Housing has pledged to build 450 homes after securing £30.5m in loan deals.
The government will balance the “fiscal consequences” of higher rents against housing associations’ calls for full flexibility, the housing minister has said.
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.
South Wales housing association United Welsh has secured a £25m loan from Affordable Housing Finance (AHF).
One Housing has borrowed £85m to build 1,450 homes in a long-term deal with investment manager M&G Investments.
Trafford Housing Trust’s director of finance, Helen Rourke, explains the thinking behind the major deal announced last week
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.
The Council of Mortgage Lenders (CML) has said it supports plans to establish an independent regulator for the sector.
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.
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.
A Manchester-based housing association has struck a new £275m funding deal with two banks and two institutional investors, replacing a previous £145m facility.
The Cheyne Social Property Impact Fund has purchased a 338-unit portfolio of residential properties in Croydon, thought to be worth £51.8m.
A German bank has agreed to provide an £85m loan to fund a large private rented sector development in Manchester.
Two housing associations have secured a £114.8m bond at a record low rate under the government’s guaranteed finance scheme.
The Scottish Government has announced the recipients of £1.65m of funding for homeless services and housing providers working with vulnerable people.
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.
The government has revealed the tenure breakdown of the homes that will be funded by part of its Shared Ownership and Affordable Homes Programme.
An East Midlands-based housing association has kept its A+ rating from Standard & Poor’s (S&P).
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.
Civitas Social Housing, the pioneering Real Estate Investment Trust, has today announced the acquisition of a £15m portfolio of 17 supported living properties.
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.
Councils from Cornwall to Tyneside have won a share of a £25m pot to help people with learning disabilities live independently.
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.
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.
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.
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.
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.
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.
Developer Essential Living has secured a £60m loan facility for what it believes is the UK’s first modular build-to-rent scheme.
Plans by the Scottish Government to weaken social housing regulation will be credit negative, the chair of the Scottish Housing Regulator has warned.
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.
Peabody and Family Mosaic housing associations have announced plans to merge to create a giant 55,000-home landlord.
A UK-based digital-only bank has become the latest mortgage lender to enter the shared ownership market.
L&Q and East Thames have completed their mega-merger, alongside a £2.6bn refinancing deal with seven banks.
Investment of almost £13bn in 18 housing projects and programmes has been listed in the government’s £500bn infrastructure pipeline.
Housing association Stonewater has retained its A1 rating from credit ratings agency Moody’s.
Growing demand in the private rented sector has driven a 64% leap in pre-tax profit for residential landlord Grainger.
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.
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.
One of the UK’s largest social landlords has had its credit outlook moved to negative, due to increasing levels of open market sale.
L&Q and Affinity Sutton are both facing ratings downgrades as a result of their respective mergers with East Thames and Circle Housing Group.
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.
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.
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.
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 have given the go-ahead to a devolution deal that will include a £170m affordable housing fund.
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.
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.
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.
An Essex-based housing association has had its credit rating upheld by an agency, despite several recent downgrades.