The Housing Finance Corporation provides £250m funding support to SNG
The Housing Finance Corporation, the UK’s leading affordable housing aggregator, has announced a new £250m strategic partnership with SNG (Sovereign Network Group), supporting the housing association’s long-term ambitions to invest in affordable homes, existing communities and future growth.
SNG is currently developing homes across London and Southern England and is currently building 709 social rent homes in the capital. Recent completions include 69 affordable homes in Brentford and 56 affordable homes in Stevenage.
The partnership reflects a shared commitment to delivering safe, sustainable homes, creating stronger communities and generating long-term social impact.
Anup Dholakia, Director of Treasury at SNG, said: “This partnership with The Housing Finance Corporation supports our long-term ambitions to invest in both new and existing homes, while continuing to deliver safe, affordable and energy-efficient homes for our customers.
As a purpose-led organisation, we are focused on creating thriving communities and delivering lasting social impact. Having funding partners that understand the housing sector and share our values is an important part of achieving that vision.”
Priya Nair, Chief Executive of The Housing Finance Corporation, said: “Providing long-term funding is increasingly important as housing associations continue to invest in homes, communities and existing housing stock.
SNG’s scale, ambition and strong social purpose make it a natural fit for The Housing Finance Corporation and this partnership reflects a shared commitment to supporting high-quality affordable housing and community impact.”
The funding represents The Housing Finance Corporation’s second major transaction of this scale,* demonstrating its continued commitment to delivering long-term, scalable funding solutions that support growth across the affordable housing sector.
–ENDS–
*The Housing Finance Corporation’s first transaction of this size was with MTVH, announced in June 2025.
About The Housing Finance Corporation
The Housing Finance Corporation has been the UK’s leading affordable housing aggregator for more than three decades, providing innovative funding solutions for over 145 housing associations across all four nations of the UK. The Housing Finance Corporation has amassed £8.4bn loan book to date and continues to expand its range of financial products to serve the needs of the social housing sector.
The Housing Finance Corporation has made significant contributions toward solving the UK’s affordable housing crisis, having funded 32,000+ homes under Affordable Housing Finance Plc (AHF), which oversaw the government’s initial Affordable Housing Guarantee Scheme. The aggregator launched Blend Funding Plc (Blend) in 2018 which has grown to provide committed facilities to 35 housing associations totalling over £1.95bn. In February 2025, the organisation 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 (TSF).
For more information: https://thehousingfinancecorp.com/
About SNG
SNG (Sovereign Network Group) is one of the largest housing associations in England, providing over 85,000 homes in areas facing some of the most acute housing need across London, South East, South West and East of England, with an ambition to build an additional 25,000 homes over the next decade.
SNG is a leading builder of affordable homes, including for social rent, and it has a clear pathway to maximise its social and environmental sustainability through its ambitious and pioneering Homes and Place Standard alongside its planned £100m Community Foundation.
SNG is a member of the G15 group of London’s largest housing associations. Its members house one in ten Londoners building a quarter of all London’s new homes, and owning or managing more than 770,000 homes.
SNG is also a member for Homes for South West, a group of leading housing associations working together to identify and tackle the barriers to new housing in South West England. We’re also member of CASE (Consortium of Associations in Southeast England), amongst 12 housing associations leading the campaign to build more affordable homes in the region.
