MORhomes funds 2,233 new homes across England and Wales

A new financial borrowing vehicle created by housing associations for housing associations has funded 2,233 new homes across England and Wales in the last year according to its Social Impact Reportreleased today (6 February 2020).
MORhomes, owned and created by housing associations, lent its first nine borrowers a total of £260m which is being used to fund new homes in 36 local authorities in England and Wales. The homes are for a range of tenures including 1,206 for social and affordable rent, 536 for shared ownership and 31 designed for people with support needs to be more independent.