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Any other queries you may have can be sent directly to one of our advisors through the contact information provided.


Phone: +44 (0)20 7337 9920



Who is Affordable Housing Finance Plc?

Affordable Housing Finance Plc [AHF] is an established subsidiary of The Housing Finance Corporation [THFC]. We operate in accordance with the Affordable Housing Guarantee Scheme [AHGS], issue bonds and receive funding from the European Investment Bank [EIB] to create and distribute loans to housing associations [HAS]. These HAs then invest the money into the maintenance, repair and building of affordable homes.

How long have Affordable Housing Finance Plc been in business?

Affordable Housing Finance has been in official operation since 2013. THFC was founded in 1987 through a joint initiative of the Housing Corporation and the National Housing Federation.

What experience does Affordable Housing Finance Plc have?

Affordable Housing Finance Plc has a wealth of experience from the banking, financial and commercial sectors. It also includes representation from the Homes and Communities Agency and the National Housing Federation, which helps keep Affordable Housing Finance Plc focused on the needs and risks of the HA sector.

What is Affordable Housing Finance Plc’s credit rating?

Affordable Housing Finance Plc is rated ‘AA’ by Standard and Poors. The equivalent to the United Kingdom’s sovereign debt-rating.

Is AHF protected from interest rate risk?

Yes, funds borrowed are on-lent with interest rates of a similar nature to the repayment scheme, protecting us from any interest rate risk.

Does AHF monitor credit risk for potential borrowers internally?

Yes. We undertake our own credit appraisal and monitoring with regard to all Affordable Housing Finance [AHF] borrowers.

What makes AHF safe and viable for investment?

All AHF financing, including interest repayments, are guaranteed by the Government until the maturity of the loan.

What protection does AHF have against foreign currency risk?

AHF does not take foreign currency risk.

What are the options available for ethical investors, interested in responsible investment?

We are a profit for purpose organisation, facilitating vital investment that benefits the often very vulnerable. We also maintain that all of the housing associations we lend to go above and beyond just building homes, with various schemes in place, their attention is focused at local community level. 

What happens if the planned schemes do not go ahead? How easy is it to substitute schemes?

Affordable Housing Finance [AHF] has a straight forward system for substituting schemes at all stages of the application process and once a loan has been made.

Is there/how much will the administration fees cost?

The cost is an annual fee amounting to the sum of 0.10% (indexed to CPI) of the specific loan amount..

Why is MV-STT not available?                                                           

Scheme rules denote that EUV-SH will be used to value HA’s available security.

Why does AHF require so much information?

Detailed information needs to conform to both our own and the Department for Communities and Local Government/EIB’s requirements. In essence, the more information we receive the faster we are able to process a request, subsequently hastening the potential lending process.

Is there a maximum size of debt?

No, there is no prescribed maximum size of debt. Although AHF must consider Ministry of Housing, Communities & Local Government’s risk appetite thresholds, taking into account counterparty credit ratings and exposure through other government funding programmes.