Financial Stability In The Social Housing Sector Continues

The social housing sector remains in a strong financial position with access to sufficient finance, according to the latest quarterly survey published by the Homes and Communities Agency. The survey shows registered providers’ financial position on the 31 December 2015 and includes forecasts up to 31 December 2016. The quarterly survey is one of the ways in which the regulator monitors and reports on the financial health of the sector. The 2015/16 Q3 survey (October to December) reports that the sector has access to sufficient finance, with £14.0 billion in undrawn facilities and £5.6 billion held in cash, and with 97% of providers having sufficient debt facilities to last for more than 12 months. Read more on the GovUK website.