THFC taps Funding No 3 for £131m
The Housing Finance Corporation has tapped its Funding No 3 bond issue for a further £131 million, to channel to 10 social landlords. The issue, which was priced at 200 basis points over the gilt, had an all-in cost of 4.948 per cent. This represents another upward step in margins but a continuation of the downward trend in overall pricing. This ... read more
Places For People issues 10-year, RPI-linked retail bond
Kate Allen, Social Housing magazine
Places For People HG has launched a new 10-year bond for retail investors, paying 1 per cent gross semi-annually, and adjusted to the Retail Price Index measure of ... read more
Kerslake promises to battle the banks in order to deliver post-2015 funding settlement
Key themes for beyond 2015: institutional investment, unlocking latent capital in existing assets, and profit-making developers read more
For-profit RPs to face TSA accounts control
The TSA is to assert control over private developers' accounting rules for the first time read more
Hastoe wins 'Aa3, stable' rating from Moody's and plans bond issue
Hastoe readies bond issue after receiving public credit rating. ALSO: London & Quadrant HG sees 'AA-, positive' rating re-affirmed by Standard & Poor's; Moody's confirms ... read more
Ratio of chief executives' pay to that of staff comes under scrutiny
Housing association chief executives are on average paid 5.4 times that of their staff, according to research by Social Housing magazine read more
Banks under fire over restrictive use of RPs' lending covenants
Lenders 'seriously constrain' LSVTs' ability to deliver new development schemes read more
VAT on cost-sharing groups abolished
The government is to abolish VAT on charities' shared back-office services, in a move which could significantly cut housing associations' costs read more
HCA allocates £343m to deliver 18,711 units
A further £343 million was allocated by the Homes & Communities Agency in November and December, taking its total allocations for the Affordable Homes Programme 2011-15 to ... read more
Abbeyfield Society chief executive pushes into ranks of highest-paid
The Abbeyfield Society chief executive Paul Allen has become one of the highest-paid bosses in the housing sector, despite running an organisation with just 2,021 bedspaces read more
Councils 'in talks' with RICS over alternative to EUV-SH valuation method
CIPFA suggests ditching mainstream valuation formula in favour of 'more stable' method read more
TSA forecasts drop-off in funding demand
New funding being arranged by the sector is dropping off as providers' demand reduces, according to research by the TSA read more
Competitive stock sales can release financial capacity to fund new development
Average price achieved in 2011 reached 146 per cent of vendor's net present value, with total sales receipts topping £130m read more
£10bn finance needed to deliver development plans · 06-10-2011 · Kate Allen, Social Housing magazineAffordable rent 'cannot be repeated beyond 2015', Communities minister admits · 06-10-2011 · Kate Allen, Social Housing magazineMerger agreement on the table for Glasgow HA and Cube HA · 06-10-2011 · Kate Allen, Social Housing magazine
