New 'Help to Build' scheme will make it easier and more affordable for people to build their own homes
-----
Clarion Housing Group and NatWest announce sustainability-linked loan
" />Posted 24.04.21
GOV.UK: Further reading
Housing Secretary Robert Jenrick has announced new plans supported by over £150 million in new government funding aimed at making it easier and more affordable for people to build their own homes.
The 'Help to Build' scheme will ensure that self and custom home building can become a realistic option to get onto the housing ladder through lower deposit mortgages.
Lowering the required deposit will free up capital, so people can build the home that they want and need - whether it is a commissioned, made to order home, or a new design from scratch.
The scheme will provide an equity loan on the completed home, similar to the 'Help to Buy' scheme.
Made to order homes allow people to customise the home they want, based on existing designs. This could include more office space, or a particular design to support a family's requirements - including for disabled or older people.
It is estimated that self and custom build could deliver 30-40,000 new homes a year.
*****
Posted 06.04.21
Clarion Housing Group: Further reading
The UK's largest provider of affordable housing, Clarion Housing Group, announced it has recently secured a new £100 million credit facility provided by NatWest.
The facility is structured as a sustainability-linked loan (SLL), where the margin is linked to Clarion achieving certain Social Key Performance Indicators (Social KPI).
The facility is also Clarion's first SONIA linked facility.
The first Social KPI measured is the Social Value that the supply chain of Clarion generates over and above contractual obligations to improve the economic, environmental and social wellbeing of Clarion communities, through in-kind or financial contributions.
The second Social KPI measures the number of apprentices that will be hired on Clarion's construction sites.
The success of the metric is measured during the immediate preceding financial year.
The Social Value and apprenticeship programmes are run by Clarion's charitable foundation, Clarion Futures.
Clarion will benefit from a lower interest rate margin on the loan, if it creates a set amount of Social Value and places an agreed number of apprentices.
*****
Headlines in this section last month:
*****
Return to this month's headlines
KEEP UP-TO-DATE WITH ISSUES AFFECTING THE SOCIAL AND AFFORDABLE HOUSING SECTORS
NEWS AND VIEWS REPORTED IN BRIEF SUMMARY FORMAT, WITH LINKS FOR FURTHER READING
RECOGNISABLE CATEGORY SECTIONS FOR EASY ACCESS
AN ESSENTIAL FREE RESOURCE FOR ANYONE WITH A BUSY SCHEDULE
EDITED BY MIKE SKILTON
CLICK ON THE SECTIONS BELOW FOR ALL CURRENT POSTS - OR THOSE FOR SELECTED PAST MONTHS
