The Housing Finance Corporation

A multi-billion pound retrofit of the UK’s social housing stock can be achieved through the right mix of public and private funding, according to new research.

The Housing Finance Corporation (THFC) has helped Dunedin Canmore, part of Wheatley Group, reduce the interest rate it pays on a loan from the European Investment Bank (EIB) to just 1.25%.

New Gorbals Housing Association is to receive £4.5 million in funding from The Housing Finance Corporation's 25-year Funding No.3 Bond at a record-low fixed rate of 1.998%. With a spread over Gilts of 1.41%, the issue was from so-called ‘retained bonds’ issued from THFC (Funding) N