Radian Housing Group and Bracknell Forest Homes have secured £114.5m via the UK government’s affordable homes guarantee scheme at a spread of 30 basis points over gilts.
Places for People has been selected as preferred bidder to manage a £200m regeneration programme for Runnymede Borough Council.
L&Q’s ‘pioneering’ £2.6bn refinancing included a new covenant package ‘more in line with the corporate market’ and to support its ambitions to deliver 100,000 homes. The group married banking loans with shorter-term sales activity and longer-term debt capital markets finance with housing for rent. It also saw L&Q crystallise its mark-to-market (M2M) position on its swaps.
Bringing together Affinity Sutton and Circle Housing meant getting 10 bank funders and £3.3bn of drawn debt ‘over the line’. Loan arrangements, covenants and documentation were ‘harmonised’, supported by the release and recharge of 31,000 properties used as security. Clarion is set to expand nationally, while growing its strategic partnerships and land acquisitions.
Your Housing Group (YHG) is looking at issuing a bond to support a £250m investment in a ground-breaking off-site construction joint venture (jv).
L&Q has announced plans to deliver 25,000 homes for the private rented sector (PRS).
L&Q is in talks to buy strategic land company Gallagher Estates, which carries on the bulk of its activity outside of the housing association’s south-east heartland.
Rentplus has formed a partnershp with Harrow Churches Housing Association (HCHA) to deliver 10 rent-to-buy homes at a scheme in Bicester.
David Blackman explores the ‘Brexit effect’ on housebuilders - and asks whether they are the ones that should be ‘doing more’.
Housing associations have the financial capacity to more than double the number of new homes they bring forward to 84,000 a year by 2029, according to a new report from Savills.