The Housing Finance Corporation (T.H.F.C.) is the foremost organisation dedicated to raising private sector finance for the development of social housing. Since its inception in 1987 T.H.F.C. has raised almost £1.5 billion for lending to registered housing associations.

This review describes the political and social context in which housing associations operate, their characteristics as housing businesses and the legal, regulatory and financial framework for their activities. Finally it outlines the way in which T.H.F.C. is structured to provide secured investment opportunities in this sector.

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