The Housing Finance Corporation’s SPO Provided by V.E
The Housing Finance Corporation’s SPO has been provided by V.E
V.E has provided a Second Party Opinion (SPO) on The Housing Finance Corporation’s (THFC) Social Bond Framework. The framework has been designed to finance loans to Housing Associations in the UK, to finance social and affordable housing projects. Eligible borrowers must be Housing Associations complying with the UK’s regulatory framework for social housing. The loans will finance the construction, refurbishment and acquisition of social and affordable housing, as well as other services to address social issues.
We assigned a Second Party Opinion (SPO) on the sustainability credentials and management of The Housing Finance Corporation’s Social Bond Framework. V.E is of the opinion that this Framework is aligned with the Social Bond Principles. Further, we consider that it is aligned with the best practiced identified by V.E for three out of four pillars of the Social Bond Principles.
The agency expresses an advanced assurance on the contribution of these bonds to sustainability, thanks to the relevance of such projects, and the criteria ensuring that affordable housing and related projects target the populations most in need.
As a Group, The Housing Finance Corporation provides financial support to the UK national system, specifically to Housing Associations regulated by the UK authorities to provide social affordable housing alternatives to vulnerable populations. THFC provides financial support to more than 160 Housing Associations to meet the demand for affordable housing.
V.E has produced more than 300 second-party opinions on sustainable financing operations in Europe, Africa, Americas and Asia. We are a Climate Bonds Standard Approved Verifier.