2013-10-24
JESSICA is a European initiative designed to promote sustainable investment, growth and jobs in urban areas. This can be done by using EU structural Funds to make repayable investments in urban renewal and development projects.
In London, the JESSICA London Green Fund has been established to make investments consistent with the London Plan and £12million has been allocated to finance investments in energy efficient retrofit of existing social housing in London.
THFC was selected, via a tender process, to manage these funds and will make investments by way of loans to Registered Providers. Three Registered Providers have now been allocated loans of £4million each from the fund to finance a variety of retrofit projects.
The first investment has been made and loan proceeds drawn down by Gallions HA. Their projects are summarised below:
Further investments will be made by loans to A2Dominion Housing Group and Origin Housing Group to be drawn prior to the end of 2013.
News
Only 12 days into the New Year, Affordable Housing Finance (AHF), the Government Guaranteed funding aggregator has brought its 12th.
2017-01-12
News
bLEND Funding, the new capital markets aggregator set up by The Housing Finance Corporation (THFC), has quickly followed up the.
2018-09-14
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.