Finance and treasury

Lifting the S133 restriction becomes a reality

As many readers will be aware, we have been lobbying for a number of years, alongside the Longhurst Housing Group and the National Housing Federation, for the repeal of the section 133 restrictions in titles of LSVT properties to create what will almost be a “level playing field” between traditional and LSVT Registered Providers in terms of their stock values.

A brief history of nearly everything about social housing finance

The history of social housing finance makes interesting reading and we have been involved in its story since the early 1980s when we helped set up what is now one of the largest housing groups in the country. Working on the precedents established by philanthropic associations such as the Peabody Trust and the William Sutton Housing Trust, housing associations established in the 1970s and 80s were funded by the Housing Corporation, which provided grant funding and took charges over the housing stock directly.

Housing Bill amendments

Savills and JLL have been working closely with Treasury on the aspects of the new housing bill which will give some comfort to funders. Some of these changes align the administration rules for an RP more closely with insolvency rules and others relate to the mortgagee exemption clause.

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