Heylo Housing appoints UBS and RBC to raise an additional £620,000,000 to fund current pipeline of affordable housing opportunities
Heylo Housing Limited (“Heylo”) a joint venture with a leading Local Authority has appointed UBS and RBC to help raise an additional £620,000,000 of debt financing to fund its current pipeline of more than 6,000 affordable homes over the next 3 years.
Following completion of a number of large scale Home Reach contracts with developers, including Bellway PLC, Heylo is now engaged in contractual discussions with national and regional house builders across the UK to deliver a significant pipeline of Section 106 new build affordable housing.
Following the successful pilot launch of Your Home, a mortgage free do it yourself shared ownership offer for second hand properties, Heylo is already helping over 150 families into home ownership and is now intending to help a further 1,500 families get on and move up the housing ladder.
With Your Front Door, Heylo’s discounted market sale solution, about to roll-out on new build developments in the North of England, Heylo is engaged with a number of Local Authorities across the country to put this ‘ready to go’ solution to work – which will also greatly assist the affordability and delivery of Starter Homes.
Nicholas McAlpine-Lee, CEO of Heylo said “Having already committed our initial fundraising from our cornerstone Local Authority pension fund investor, we are delighted to appoint the experienced teams at UBS and RBC to help us raise these additional funds which we will happily put to work delivering thousands of new affordable homes across the UK.”
For more information on Heylo and its affordable housing solutions visit www.heylohousing.com.
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