Posted: Tuesday 14 February 2012
In a good week for Social Housing which saw a further £87 million being invested in affordable housing, a seminar on Alternative Investment Models heard how Aviva pension funds are being used south of the border to deliver social rented housing. The seminar facilitated by Baker Tilly and attended by a sell out number of Registered Social Landlords (RSLs) heard a presentation from Ian Smith of Derwent Living and Ian Belloch representing Aviva which described the partnership model and explained how pensions funding can be accessed to deliver housing projects.
Janet Hamblin of Baker Tilly who organised the event said ” We had record numbers attending this popular seminar which shows the interest and appetite within the Housing Sector for using alternative funding models. Learning from other’s experiences of completed projects which are up and running was particularly useful to delegates”.
Kate Dewar of Morton Fraser who spoke on the Scottish legal aspects of the modelling added “There is a willingness within the Sector at all levels to use alternative models of financing and innovative legal structures to deliver new social rented homes to complement models which deliver mid market rented units. The Seminar which highlighted some of the key areas surrounding the introduction of non traditional funding including Bond market finance, demonstrated a range of possible opportunities for individual RSLs”
To access the seminar papers including the Morton Fraser fact sheet on the Bond Market click here. Or contact Kate Dewar if you would like to discuss it in more detail.