Places For People To Launch £550m Build-To-Rent Fund

The asset management arm of one of the UK’s largest housing associations is preparing to launch a £550m fund for investing in build-to-rent. PfP Capital, set up a year ago by 60,000-home association Places for People, will aim to forward-fund developments around the country to deliver 3,000 homes. It will be seeded with three residential schemes worth around £150m, which will be funded through a special purpose vehicle. Read more on the Places for People website.

https://www.placesforpeople.co.uk/about-us/news/2018/pfp-capital-launches-550-million-build-to-rent-fund/

Sector Scorecard Gets Industry Backing

A pilot scheme designed to improve efficiency in the affordable housing sector has received backing from industry leaders. The Sector Scorecard aims to create an agreed set of metrics upon which housing providers can compare their performances and ensure they are providing value for money for their customers.  The scheme has received the backing of Housing Minister Gavin Barwell and NHF chief executive David Orr. The Sector Scorecard will measure 15 indicators across five general areas focusing on: business health, development, outcomes delivered, effective asset management and operating efficiencies. Read more on the Home Group website.