Section: Housing Finance

Catalyst launches new Sustainable Finance Framework

Posted 26.07.21
Catalyst: Further reading

Catalyst has launched a new Sustainable Finance Framework to secure new funding for a range of long-term, sustainable projects.

All proceeds secured through the fund will help enhance Catalyst's core social purpose and environmental ambitions - to build, manage and maintain safe and sustainable homes for those that need it most.

The new framework aligns Catalyst's strategic priorities in sustainability with its funding and financial strategy. Proceeds from the framework will fund a range of eligible projects - including the delivery of new affordable housing, retrofitting existing homes and a wide range of community investment initiatives to secure better futures for our customers.

Catalyst has held gold status in the SHIFT sustainable housing accreditation since 2012, and are part of the group of early adopters of the 'Sustainability Reporting Standard for Social Housing'.

In November 2020, Catalyst became the first company in Europe to receive the highest accreditation mark across all three categories in the 'Certified Sustainable Housing Label' from German consultancy RITTERWALD.

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MTVH secures new funding to drive sustainable development

Posted 22.07.21
MTVH: Further reading

Metropolitan Thames Valley (MTVH) has secured £250 million of new funding through a 15-year sustainable bond issue that will support it to build more new homes and help tackle the climate emergency.

Over the next five years MTVH will build a further 6,000 new homes, spending £2.1 billion, whilst continuing to make significant investments in improvements to existing homes and in response to building safety requirements.

Of these new homes, 80% will be for affordable rents or shared ownership.

The bond will raise £250 million at a coupon rate of 1.875%, only the fourth housing association transaction this year to obtain a yield of under 2%.

At the heart of the fundraising is a commitment to sustainability in support of MTVH's efforts to work towards achieving net-zero carbon by 2050.

This will see all new homes it builds meet at least Energy Performance Certificate (EPC) B standard, or better, and existing homes meet a minimum of EPC C by 2030.

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Reporting on July 2021

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