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Signature(s)

Amount
€ 600,420,294.21
Countries
Sector(s)
United Kingdom : € 600,420,294.21
Urban development : € 600,420,294.21
Signature date(s)
20/12/2013 : € 600,420,294.21
Link to source

Summary sheet

Release date
4 July 2013
Status
Reference
Signed | 20/12/2013
20130244
Project name
Promoter - financial intermediary
THFC AFFORDABLE HOUSING FINANCE
Affordable Housing Finance PLC
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 591 million (GBP 500 million)
EUR 1183 million (GBP 1000 million)
Description
Objectives

The Project involves an EIB loan for up to GBP 500m to a special purpose entity established by The Housing Finance Corporation (THFC) for onlending to final beneficiaries investing in the social housing and urban regeneration sector throughout the UK. The loan will benefit from a UK government guarantee extended to all borrowings of the new special purpose entity (Affordable Housing Finance PLC, following a tender run by the UK Department for Communities and Local Government (DCLG).
The Project is a key component of the UK government's housing policy and economic stimulus package.

The Affordable Housing Guarantee Scheme to be run by Affordable Housing Finance PLC, in conjunction with GBP 450m in supporting UK government grants, aims to deliver up to 30,000 new affordable homes to rent by 2015.

Environmental aspects
Procurement

The expected size (small to medium scale), location and nature of the social housing schemes make it unlikely that an Environmental Impact Assessment as defined under the EU Directive 2011/92/EU would be required in most cases. The social housing schemes to be financed under the operation have to comply with high environmental standards and will significantly contribute to the improvement of the urban environment. The EU Directive on Energy Performance of Buildings (EPBD) was implemented into UK legislation; the transposition of the Directive’s Recast (2010/31/EU) and its impact on social housing schemes will be further examined during appraisal.

The final beneficiaries are registered social housing providers. They fall under public procurement and will be required by the Bank to ensure that contracts for the implementation of the projects have been/shall be tendered in accordance with the relevant applicable EU procurement legislation.

Link to source
Other links

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - THFC AFFORDABLE HOUSING FINANCE
Publication Date
7 Jan 2014
Document language
Main Topic
Lending
Document Number
48642002
Document Focus
Environmental Information
Project Number
20130244
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - THFC AFFORDABLE HOUSING FINANCE - Environmental Statement - Havelock
Publication Date
18 Mar 2022
Document language
Main Topic
Lending
Document Number
155309302
Document Focus
Environmental Information
Project Number
20130244
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - THFC AFFORDABLE HOUSING FINANCE
Publication Date
18 Mar 2022
Document language
Main Topic
Lending
Document Number
153557100
Document Focus
Environmental Information
Project Number
20130244
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - THFC AFFORDABLE HOUSING FINANCE - Non Technical Summary - Mile End
Publication Date
18 Mar 2022
Document language
Main Topic
Lending
Document Number
155309585
Document Focus
Environmental Information
Project Number
20130244
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - THFC AFFORDABLE HOUSING FINANCE - Environmental Statement - Plymstock Quarry
Publication Date
18 Mar 2022
Document language
Main Topic
Lending
Document Number
155312735
Document Focus
Environmental Information
Project Number
20130244
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - THFC AFFORDABLE HOUSING FINANCE - Non Technical Summary - Cranbrook
Publication Date
18 Mar 2022
Document language
Main Topic
Lending
Document Number
52782477
Document Focus
Environmental Information
Project Number
20130244
Sector(s)
Regions
Countries
Publicly available
Download now
Link to source
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