Wednesday, 23 November 2016

Housing Associations Could Borrow £7.4 Billion

The Government drive for increased new housing supply is putting political and financial pressure on housing associations to increase their housing delivery, a challenge the sector could be well positioned to respond to quickly by unlocking additional financial capacity, Savills says. New analysis by Savills suggests that up to £7.4 billion of additional borrowing could be secured against assets to be used to deliver more homes. Housing associations delivered 40,000 new homes in 2015/16, around a fifth of all new homes, with around 43 per cent outside the Affordable Housing Programme.  Savills calculates that this additional borrowing capacity is both supported by balance sheets and fundable from existing cashflow. Read more on the Savills website.

No comments: