THFC unveils £550m funding package for Wales, Scotland and Northern Ireland

THFC said the money would give associations in Wales, Scotland and Northern Ireland “greater certainty and tailored funding”, which would help them “progress stalled developments”, as well as bring forward new projects and improve existing stock.

David Brigden, senior commercial director at THFC, said: “Affordable housing demand continues to outpace delivery across Wales, Scotland and Northern Ireland.

“Housing associations are working hard to meet that challenge, but rising costs and competing investment pressures mean additional funding is needed to unlock viable schemes.

“Our £550m funding pledge demonstrates our long-term commitment to supporting the sector with financial solutions that help housing associations build and improve homes and create sustainable communities across the devolved nations.

“By creating dedicated funding capacity, we want to give partners the clarity and confidence they need to plan ahead, accelerate development pipelines and deliver more affordable homes for the communities that need them most.”

THFC currently holds £8.4bn in loans to housing associations.

Last month, the aggregator announced that it would expand its range of products to allow landlords more flexibility when looking to borrow. The expansion includes new bond structures and a fast-access facility.