GB Social Housing (GBSH) has raised £48.2m for two Scottish HAs at 150 bps over the gilt with a bond tap – 14 months after its initial issuance and following a move to new management.
The Homes and Communities Agency is launching a single division to manage ‘recoverable’ investments programmes.
Greater Manchester Pension Fund (GMPF) and the city council have signed a £30m joint venture that will see new homes for rent managed by Places for People.
After two years of decline, HAs have posted a 13 per cent rise in capital commitments with £7.5bn available to contractors
Non-SHPS pension deficits have increased for the second consecutive year, putting continued strain on housing association balance sheets.
Increasingly complex HA business plans, operational structures and activities are keeping advisory firms busy as HAs also seek advice to navigate the capital markets.