The social housing sector once again continues to access
sufficient finance and manage its exposure to the housing market, according to
the latest quarterly survey by the Homes and Communities Agency. Arrangement of
new borrowing facilities in the quarter was low at £0.6bn – compared to £1.2bn
arranged in the last quarter of 2012/13. This reduction in activity is due to a
large number of providers having secured sufficient finance to fund development
programmes through to March 2015. The survey also highlights the fact that
despite the challenging economic environment, the number of Affordable Home
Ownership homes that are unsold has fallen by over 10% in the quarter. Read more on the HCA website.
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