The Welsh Housing Bond, also known as Social Housing Revenue Grant, is a 30 year pledge from Welsh Government of £4m per annum to help RSLs access the capital market.
We are now at the stage where the schemes for development throughout Wales are nearly finalised. This work has been completed in conjunction with RSLs, Local Authorities and Welsh Government to identify appropriate developments underpinned by housing need. The working group have conducted an options appraisal to determine which financial product/s will be utilised based on cost, security requirements & balance sheet efficiency, associated covenants and flexibility. The product/s will be finalised before the end of May with funding being available for drawdown from November.
Construction for the project is scheduled to commence within the next few months.