Social Housing Pension Scheme deficit tops £1 billion
The Social Housing Pension Scheme's deficit has grown from £663 million to £1 billion in the past three years, according to its latest valuation. The scheme’s funding position stood at 67 per cent in 2011, down from 69.7 per cent in 2008; as a result its funding deficit increased to £1.04 billion as at 30 September 2011. This was 'largely ... read more
First-tranche sales drop by a fifth
First-tranche sales of shared ownership properties dropped by 18 per cent in 2010/11, with income from sales falling below £500 million read more
Pinnacle and Orchard & Shipman sign up to make profits under TSA regulatory regime
Private firms become regulated in move to attract funding and new-build assets read more
Rating agencies offer reassurance to investors
Two credit rating agencies have sought to reassure investors about the social housing sector's continued creditworthiness read more
AHP contracts signed, March & April
The HCA allocated a further £33 million of grant in March and April read more
Second bond issue for L&Q raises £250m at 157bps
London & Quadrant HG has issued its second bond, raising £250 million at a margin of 157 basis points over the gilt read more
New Charter moves into education
New Charter HT has sponsored a state primary school to convert to academy status read more
Great Places plans bond issue after credit ratings
Great Places HG has won credit ratings from Moody's and Fitch read more
Implementation of component accounting: housing associations' decisions profiled
A third of landlords saw a decrease in reserves, while a quarter said loan covenants had been affected by the accounting policy change read more
Ex-finance director arrested over Vestia derivatives deal losses
Dutch police probe landlord's dealings with investment banks after €2 billion scandal read more
Hastoe becomes smallest landlord to issue own-name bond, with £100m, 215bp deal
Housing association with just 5,000 units raises cash at 5.6 per cent all-in cost read more
In Brief
English and Welsh regulatory systems changed; Treasury consults on REITs; government seeks to limit councils' debt ceilings read more
Flood of bond market issuance continues as social landlords go bargain-hunting
The flood of bond issuance from the sector is continuing as housing associations seek to benefit from historically low all-in costs read more
Moody's awards Radian 'Aa2, stable' rating in advance of £100m own-name bond issue · 03-02-2012 · Kate Allen, Social Housing magazineTHFC funds 10 landlords through £131m bond tap · 03-02-2012 · Kate Allen, Social Housing magazinePlaces For People raises £40 million through launch of 10-year, RPI-linked retail bond · 03-02-2012 · Kate Allen, Social Housing magazineEvolving education sector can learn much from housing associations' track record · 03-02-2012 · Kate Allen, Social Housing magazineWhat they want: how institutional investors think, and what they seek from housing · 03-02-2012 · Mark Davie, M&G InvestmentsOver a decade of devolution has produced divergent trends in UK's constituent countries · 03-02-2012 · Steve Wilcox, University of YorkTreasury's proposed changes to REITs prove a disappointment for social landlords · 03-02-2012 · Andrew Crawford, Devonshires solicitors
