The Housing Finance Corporation Publishes Its Fifth Annual SRS Report
The Housing Finance Corporation has published its fifth annual Sustainability Reporting Standards (SRS) report for 2024/2025, which highlights continued growth across the UK affordable housing sector via its Blend portfolio.
During the 2024/2025 reporting period Blend’s lending portfolio totalled £1.7 billion* across 33 housing association borrowers, supporting the delivery and management of more than 468,000 homes across the UK. Over the year the platform continued to expand, with £50 million of additional debt raised and £15 million in new signed loan facilities.
Key highlights from the report include:
- 14,186 new homes delivered by Blend borrowers during the year, a 27.6% increase on the previous reporting period
- 73.6% of existing homes in the portfolio now rated EPC C or above
- 99.98% of newly built homes rated EPC C or higher, with a growing share achieving EPC A or B
- 75% of borrowers now reporting a formal net-zero strategy
- Average rents across the portfolio remain around 55% of private market levels
Blend continues to channel sustainable finance into the sector through its bond programme. The full report can be accessed here: https://thehousingfinancecorp.com/sustainability/
Priya Nair, Chief Executive of The Housing Finance Corporation, said: “Blend was created to provide housing associations with efficient access to long-term capital, it is encouraging to see the platform continue to grow while supporting the delivery of sustainable, affordable homes across the UK. This year’s SRS report shows how that finance is translating into real impact from thousands of new homes delivered to steady improvements in energy efficiency and climate strategies across the sector.
By connecting capital markets with housing providers, we are helping to support resilient communities while contributing to the long-term sustainability of the UK’s social housing stock.”
The report is based on data submitted by Blend borrowers under the Sustainability Reporting Standard for Social Housing, a voluntary ESG reporting framework by Sustainability for Housing (SfH) used across the sector to provide transparency to investors and stakeholders.
For more information on the SRS, please reference the SfH website: https://sustainabilityforhousing.org.uk/
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Notes to editors:
The figures cited cover the reporting period April 2024 to March 31 2025 – Blend’s lending portfolio totalled £1.7 billion* across 33 housing association borrowers, supporting the delivery and management of more than 468,000 homes across the UK. Over the year the platform continued to expand, with £50 million of additional debt raised and £15 million in new signed loan facilities.
About Blend Funding Plc
Blend Funding Plc (Blend) was established in 2018 by The Housing Finance Corporation to provide registered providers of social housing with efficient access to capital markets funding. Blend issues bonds and on-lends the proceeds to not-for-profit housing associations across the UK on a matched funding basis. As of January 2026, Blend has grown to provided committed facilities to 35 housing associations totalling over £1.9bn across all four nations of the UK.
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 149 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/
