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Housing group secures £25.5m funding

30th June 2016

A Welsh housing group has secured £25.5m funding for new development work across the region. The Pennaf Housing Group is the first housing association in Wales to obtain a credit rating with international investment agency Moody's. The group, based in St Asaph, North Wales, confirmed their Executive Management Team had successfully negotiated a £25.5m funding facility with Standard Life Investments. Graham Worthington, group chief executive officer for Pennaf said: “This new f...

Northern Ireland: Clanmil ties up three-way finance package worth £135m

30th June 2016

One of Northern Ireland’s leading social landlords, Clanmil Housing Group, has confirmed a £135m finance agreement with three lenders. The package will underpin plans to build 2,500 new social homes over the next eight years as well as modernising some existing homes.  It combines loans from Danske Bank (£60m), First Trust (£50m) and Ulster Bank (£25m), all on attractive terms, and will enable Clanmil to access grants from the Department for Communities, combining public...

£308m boost for adult care

30th June 2016

New figures show that councils are planning to invest an extra £308m this year on adult social care services. Councils are upping their spending by 2.2% to £14.4bn this year – thanks to a new revenue raising flexibility introduced at the historic local government finance settlement. At the same time council taxes are staying down, with average bills set to be less in real terms in 2020 than they were in 2010. Communities secretary Greg Clark said: “At a time when local autho...

Help to Buy: ISAs opened by over half a million

30th June 2016

Over half a million people have opted for a Help to Buy ISA. The government’s Help to Buy schemes have helped over 160,000 people achieve their aspiration of home ownership by offering bonuses of up to £3,000 towards a house purchase. The schemes continue to benefit first time buyers overwhelmingly, with 129,000 households buying their first home thanks to the scheme. With the majority of completions outside London, the highest number of homes completed through both the Help to Buy:...

CIH: Transport land can drive new London homes

30th June 2016

Transport for London (TfL) land is now the “number one priority” in driving the need for new homes in the capital.  Making a keynote address to the CIH conference today (Thurs), James Murray, London’s deputy mayor for housing, said: "There needs to be a conversation over when the land comes forward, what kind of housing do we want."  TfL is one of the largest landowners in the capital, with assets ranging from Zone 1 locations such as London Bridge and Oxford Circus to...

Mayor urged to be "landlord" for London's 999 workers

30th June 2016

London Mayor Sadiq Khan is urged to be a “landlord” for the capital's emergency services - leading on initiatives like rental deposit loans specific to blue light workers and planning guidelines that make provision for their housing. A new report, Living on the Edge: Housing London's Blue Light Emergency Services, launched by London Chamber of Commerce and Industry (LCCI), found that high housing costs mean that a total of 54% of frontline 'Blue light' police, fire and paramedic staff ...

Mayor of Hackney to stand down

30th June 2016

The current mayor of Hackney, Jules Pipe CBE is resigning next month to be London's Deputy Mayor for Planning, Regeneration and Skills.  Mayor Pipe has represented Hackney for 20 years, first as a backbench councillor, then leader of the Council, and as elected mayor since 2002.  Mayor Pipe said: “This is an amazing opportunity to serve our city, but the decision to leave was not an easy one to make. It’s been an enormous privilege to serve the residents of Hackney for t...

Government under-funding below-market rented housing

30th June 2016

Only 4% of government housing investment is being spent on below-market rented housing. Figures collated by the Chartered Institute of Housing (CIH) reveal for the first time the extent to which government investment is being directed towards the private market and home ownership, with very little now directed towards helping the eight million households who will not be able to get onto the home ownership ladder. The UK Housing Review briefing's summary of current government support for affordable a...

Analysis: Swipe left or right for Brandon?

30th June 2016

Passionate about affordable housing, seeks partner for LTR and possible matches showed their interest in Manchester. The speed dating that was day two of the CIH annual conference didn’t go well. The housing minister’s skype chat yesterday wasn’t a great second date for the housing sector professionals looking for some stability. Brandon Lewis tried to make up for the last time and sort of explained that we’d misunderstood the bit about a million homes – it’...

Co-Ownership Housing achieves CORE

30th June 2016

Co-Ownership Housing has achieved the highest standard of Corporate Social Responsibility in Northern Ireland – CORE, accredited by Business in the Community (BITCNI). Co-Ownership Housing is also the first not-for-profit organisation and the first housing association to achieve this prestigious accolade for responsible business. “As a local employer, we have been working across communities in Northern Ireland for 38 years and so far have helped over 26,000 households to purchase ...

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