Affordable Housing Finance (AHF) has secured £161m of bonds for seven associations at 35 basis points over gilts ahead of ‘an expected primary market shut-down’ for issuance ahead of the UK’s EU referendum.
Curo Group has been downgraded a notch to a G2 due to an over-complicated governance structure.
Joseph Rowntree HT (JRHT) has been downgraded from a V1 to a V2 by the regulator amid concerns over a deterioration in financial strength and a reliance on asset disposals.
L&Q’s Waqar Ahmed confirmed as group finance director while Aubrey Adams while become chair under the proposed merger with Hyde Group and East Thames.
Non-registered housing association MHS Homes has secured a £40m private placement at an all-in cost ‘well below’ 4 per cent.
Town & Country Housing Group has sold 283 homes in south London to Hyde Group.
More HAs join list of those with deficits above £2m.
Housing associations’ average cost of funds fell slightly in the last financial year to 4.59 per cent.
Investment in new build and major refurbishment up 8%
English HA staff numbers increase by less than 1 per cent.
The accounts of 221 UK social landlords show the average chief executive pay package – including bonuses, performance-related pay and benefits in kind but excluding employer’s pension contributions – was £147,963.
Whether or not one of these two-way break cost provisions exist in your loans does not alter the underlying strength of your business.
Outcomes contracts and social impact bonds are not only useful for funding innovative new interventions - they can also drive efficiency.
Latest concern over FRS 102 shows why the accounting profession is in danger of being seriously undermined - by itself.
We are estimating that the LGPS deficit has increased by over £20bn and to around £70bn.
Contract management could be the key to unlocking the influence of procurement teams within social housing.
Social Housing research finds arrears are higher among tenants receiving support through the new system. Chloe Stothart explores why this is and what it means.
Housing associations are considering new models for funding development as growing numbers encounter constraints with the most common current structure.
David Blackman asks why local government pension funds have been slow to invest in affordable housing
Housing providers are taking various approaches when assessing what ‘breaks their business’, finds Chloe Stothart