Section: Housing Provision

Swan Group secure £50m growth capital facility

Posted 11.10.19
Swan Group: Further reading

Swan Group has successfully secured a growth capital investment facility with the help of Conduit Finance to accelerate its growth.

Since 2013 Swan Group has been developing high-quality affordable housing for their partners, which includes housing associations and local authorities.

The 5-year equity facility represents an initial £50 million of growth capital facility.

The capital will help accelerate the development of over 3,000 affordable homes across Scotland, with an estimated Gross Development Value in excess of £420 million.

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Catalyst and TfL sign contracts for around 500 new affordable homes

Posted 08.10.19
Catalyst Housing: Further reading

Transport for London (TfL) and Catalyst Housing have signed contracts to deliver around 500 new affordable homes in the London Borough of Harrow.

The project will involve redeveloping three car parks to deliver the homes, all of which will be affordable, next to Rayner's Lane, Canons Park and Stanmore Tube stations.

The development proposals retain some parking, although they also encourage a shift to more sustainable modes of transport - including through enhanced cycling facilities.

Catalyst was selected to bring the project forward earlier this year using the Greater London Authority's London Development Panel 2 framework.

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Gentoo secures second site in plan to bring 900 more affordable rented homes to Sunderland

Posted 07.10.19
Gentoo Group: Further reading

Gentoo has been granted planning permission to develop a second site as part of its Affordable Homes Plan to bring 900 more affordable rented homes to Sunderland by 2024.

Sunderland City Council's Planning Committee approved the Group's application to develop 44 units at Avenue Vivian in Fencehouses.

The development will offer a choice of two- and three-bedroom houses and two-bedroom bungalows - all at affordable rent, which is 80% of local market rents.

Work on the site will begin early in 2020 and the first of the new homes will be available to rent in late 2020

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CIH report highlights progress Scotland making on affordable housing delivery

Posted 07.10.19
Chartered Institute of Housing (CIH): Further reading

The CIH published the 2019 UK Housing Review Autumn Briefing Paper, which highlights progress towards meeting the Scottish Government's target to deliver 50,000 affordable homes over five years to 2021 - 35,000 of which should be for social rent.

By the end of 2018/19, just over 50% of the overall target for completions had been met - with the figure rising to 61% in terms of approvals.

A sharp increase in completions will be required to meet the target by 2021 but this will be supported by planned funding allocations towards the end of the programme.

The report also warns of the potential implications of Brexit uncertainty and the complexity being created in terms of immigration status affecting people's entitlement to certain types of support.

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Reporting on October 2019

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