THFC announces strong results as it advances its new corporate strategy
The Housing Finance Corporation (THFC) has announced a strong set of financial results as it accelerates its strategy to support the financing needs of Housing Associations (HAs) across the UK.
Highlights in the year include the launch of a groundbreaking £150m partnership with the National Wealth Fund (NWF) to support the retrofit needs of HAs and continued investment in our people and technology to drive future growth. Following the end of the financial year, we also completed a landmark £260m 7‑year benchmark issuance, further strengthening our platform to new issuance.
Annual results to March 2025 show a balance sheet of £7.989bn and revenues of £15.05m, reflecting the stability of our loan portfolio and the underlying revenue streams. The Group recorded a pre-tax surplus of £4.847m.
The Group’s reserves continued to grow during the period to £66.4m (2024: £62.7). Our S&P rating was upgraded to A+ (stable) during the period, and our bLEND issuer program rating remains Moody’s A2 (stable). This financial strength reflects our values of prudent management in support of our mission to enable the affordable housing sector to build, improve and sustain homes and communities across the UK.
The results provide a strong foundation for THFC to continue its mission to play a central role in catalysing a wider range of financial solutions, to unlock new forms of private capital and meet the diverse needs of our client base. The strategy to advance this continues at pace and is being supported by important investment in our people, technology and product range.
Priya Nair, Chief Executive at THFC said: “We’re pleased to announce robust financial results. With 38 years of expertise and a trusted reputation, we are uniquely positioned to support the UK affordable housing sector through rising demands and complex financing challenges. Our steadfast commitment ensures we help clients achieve their ambitions.”
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Notes to Editors
For more information:
- Housing Associations: Gavin.Richards@thfcorp.com
- Investors: William.Stevenson@thfcorp.com
- Media: Lindsay.Ahrens@thfcorp.com
About THFC
THFC has been the UK’s leading affordable housing aggregator for more than three decades, providing innovative funding solutions for over 150 housing associations across all four nations of the UK. THFC has amassed a near £8bn loan book to date and continues to expand its range of financial products to serve the needs of the social housing sector. THFC has made significant contributions toward solving the UK’s affordable housing crisis, having funded 32,000+ homes under Affordable Housing Finance Plc, which oversaw the government’s initial Affordable Housing Guarantee Scheme. The aggregator launched bLEND Funding Plc in 2018 which has grown to provide committed facilities to 33 housing associations totalling over £1.7bn. In February 2025 THFC announced the launch of a groundbreaking £150m partnership with the National Wealth Fund (NWF) to finance retrofitting of affordable homes alongside its new lending vehicle THFC Sustainable Finance Plc.
To view THFC’s 2024/25 Annual Report and Financial Statements, click here.