Affordable housing aggregator The Housing Finance Corporation has formed a new £250m strategic partnership with housing association SNG (Sovereign Network Group).
The new partnership will support SNG’s long-term ambitions to invest in affordable homes. SNG is currently delivering a number of affordable homes across London and Southern England and is on-site with 709 social rent homes in the capital.
Anup Dholakia, director of treasury at SNG, said: “This partnership with The Housing Finance Corporation supports our long-term ambitions to invest in both new and existing homes, while continuing to deliver safe, affordable and energy efficient homes for our customers. As a purpose-led organisation, we are focused on creating thriving communities and delivering lasting social impact. Having funding partners that understand the housing sector and share our values is an important part of achieving that vision.”
Priya Nair, chief executive of The Housing Finance Corporation, added: “Providing long-term funding is increasingly important as housing associations continue to invest in homes, communities and existing housing stock. SNG’s scale, ambition and strong social purpose make it a natural fit for The Housing Finance Corporation and this partnership reflects a shared commitment to supporting high quality affordable housing and community impact.”
