Inquilab Secures £10m for New Homes
THFC Awards £10m funding for new homes
20th July 2021
Inquilab Housing Association has raised a new bond facility of £10m from The Housing Finance Corporation (THFC). The THFC bond is the result of a four-month process which was concluded following Board approval in June.
The funds were secured at an all-in rate of 2.10% (total gross proceeds including a premium amounted to £15m) over 22 years and form pat of THFC's £1bn aggregated funding for housing.
Says Gina Amoh, Chief Executive for Inquilab: "This is a great result for our Association, allowing us to build up resilience in our business plans and to tackle the shortage of affordable housing by building more new homes within the communities we support."
For more information on this news and THFC please visit: https://www.thfcorp.com/1205-2/
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