Shire Housing Association demonstrates long term funding appetite remains

Shire Housing Association engaged ATFS to advise on procuring new funding to refinance existing debt, enable future expansion and to enhance existing office and tenant facilities. A legacy loan facility was also frustrating Shire’s future business planning decisions due to restrictive covenants. ATFS reviewed Shire’s business plan and funding requirements, established key objectives, assessed available…

A friend in need is a friend indeed

Getting closer to your suppliers – the lessons learned from lockdown By Spencer Hill, Director at MCP2 Limited When the first Public Policy Note on the Covid-19 outbreak was released in March many organisations including HAs were suddenly reminded of the importance of their supply chain. Cue the frantic piano music from the early 20th Century…

ATFS advises Hillcrest Homes on successfully raising £50m with extremely competitive terms despite uncertain market conditions

Hillcrest Homes engaged ATFS to advise on a funding strategy to deliver the largest development programme in the association’s history. Critical to future delivery is the securing of a £50m 25-year funding facility at very competitive rates, provided by long-term funding partner RBS. In 2018 Hillcrest raised £70m via a Private Placement, which has supported…

Want to lower emissions? Look to modular homes

In the housing sector we hear a lot about the benefits of modern methods of construction – including that homes constructed off-site using modular build technologies have greenhouse gas emission reduction benefits. At Altair, our clients utilise off-site manufactured housing or “OSM”, a type of modern method of construction, to develop more homes quickly. But…

Be aware of your management style in lock-down

As we move into the eighth week of lock-down, conversations with contacts, colleagues, friends and family are starting to include reflections on the differing experiences of working remotely. An emerging and reoccurring theme in these interactions is around the approaches being taken by line managers, and more particularly management styles and communication. Many of us…

Challenging times for remuneration committees

Covid-19 has had a significant impact on executive remuneration in the private sector, but there are important considerations for the housing sector too. Interventions are well documented with >20% cuts in basic salaries and removal of 19/20 bonus awards for executives prevalent in listed companies. Many of these were implemented quickly in late March and…

The housing sector will be key to economic recovery

We live in unprecedented times with the major impact of coronavirus on economies worldwide and forecasts of a global recession. But the Social Housing sector has entered the crisis in a position of relative financial strength. Robust stress testing in the run up to Brexit has meant Housing Associations have established a range of mitigations…