Housing associations play an increasingly important role in today's housing market. They are leading suppliers of affordable homes, major partners in regeneration and estate renewal, and providers of a wide range of vital welfare services to the most vulnerable in our communities.
The drop in lending due to the credit squeeze and the sharp reduction in private new-build have increased the pressure on housing associations to maintain the flow of affordable homes in all areas of the country.
Against this backdrop of macroeconomic uncertainty and tighter constraints on public spending and private lending, we examine the funding considerations that follow from these policy changes and challenges. In particular, we look at and discuss the options for new and innovative ways to utilize housing association assets and financing capacity.