Arlingclose has successfully arranged half a billion in lending facilities for housing associations, strengthening the connection between local authorities and the housing sector. Our transaction with Southern Housing for over £70m from a group of councils, featured in Social Housing Magazine.
Revolving credit facilities are a flexible way for housing associations to manage expected and unexpected liquidity needs, but liquidity policies and prudent liquidity risk management often require much more capacity than is required. Our solution provides cost effective, easily executed unsecured funding to reduce the financial and security burden.
At October’s NHF Treasury in Housing Conference, we hosted a Breakfast Briefing, with Moat Housing and Anthony Collins solicitors who shared insights into their experiences with local authority funding.
We arranged £150m across four facilities during 2023 and 2024, including three new revolving facilities of £45-50m each for prominent London-based housing associations. These achievements bring the total arranged in the past two years to £300m, a testament to our ability to structure facilities tailored to individual borrower needs. Our flexibility, including extending existing arrangements when necessary, has been a key factor in this success.
Although recent transactions have averaged £50m, Arlingclose has successfully arranged facilities across a wide range of sizes, reflecting the diverse financial capabilities of our local authority clients. This includes transactions under £1m, demonstrating our ability to facilitate lending opportunities for housing associations of all sizes, whether rated or unrated.
In every transaction, Arlingclose acts as a liaison between lenders and borrowers, assisting with documentation, drawdown timings, and facility extension requests. Our work also supports merger consents and other borrower requests where these do not impact the long-term creditworthiness of the housing association.
For 2025 we are once again exhibiting at the National Housing Federation’s Finance Conference on 19-20th March in Liverpool - please visit us at stand 820 to discuss how we can support your housing association's funding needs or email us at treasury@arlingclose.com for more information.
Related Insights
Supporting Housing Associations Through Local Authority Lending Facilities
Transferring Temporary Accommodation Units from the General Fund to the Housing Revenue Account