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    The Homes and Communities Agency (HCA) published significant figures in the 2015/16 Global Accounts, today.

    • Overall debt increase for the housing sector – from £69.8bn to £72bn
    • A £2.2bn increase of which £1.9bn was due for renewal within a year; the HCA had expected to be refinanced with extended banking facilities
    • £7.5bn was invested in new or already existing housing properties (in 2015, £7.7bn was invested and in 2014, 7.1bn was invested)
    • £2bn was invested in existing stock and what was left was reserved for new development
    • 42,000 units were developed by housing associations during the course of the year
    • The sector posted a total surplus of £3.4bn prior to tax – a £0.8bn increase on the year before

    Assistant director – commercial at the HCA, Will Perry, said:

    “We would expect debt to rise as the sector develops – that’s the way the model works.

    “They gear up to build more assets. The sector seems to have the ability to raise debt at favourable rates – that model is working.”

    What do you think?

    Please tweet comments @suppsolutions

    For more details, visit Inside Housing.

    February 17, 2017 by Abimbola Duro-David Categories: Housing And Benefits

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