Greenoak Housing has joined 8 other social landlords to raise funds to finance housing on the bond market through The Housing Finance Corporation (THFC). It has achieved a near record rate of 4.50% fixed for 30 years. Demand from investors was intense with the bond initially between three and four times over-subscribed. This funding will enable Greenoak to provide more truly affordable houses for rent for local families in Woking.
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Greenoak, with partner Raglan Housing Association has successfully bid to take over 92 social housing family homes in Woking, Surrey from Places for People Housing Association - expanding Greenoak's property portfolio in Woking to over 400 homes.