Housing Association Funding Plc - Quarterly Report

Housing Association Funding Plc - Quarterly Report

PR Newswire

London, February 22

QUARTERLY REPORT AS ATDecember 2018
TABLE 1: COLLATERAL

				AVERAGE PER DWELLING
		LAST REPORT	DIFFERENCE		VOIDS &	ANNUAL PROVISION PER DWELLING FOR...						NET
	NO OF	NUMBER OF	NUMBER OF	WEEKLY	CREDIT			SERVICE	GROSS ANNUAL	NET RENTAL	ANNUAL DEBT	RENTAL
ASSOCIATION	DWELLINGS	DWELLINGS	DWELLINGS	GROSS RENT	LOSSES	MANAGEMENT	MAINTENANCE	CHARGES	RENT	INCOME	SERVICE	COVER
A2	283	283	0	152.50	317.19	481.03	758.63	2,058.34	£2,244,143.76	£1,221,045.13	£686,751.00	1.78
Derwent	421	421	0	88.62	184.32	423.00	683.48	439.57	£1,940,002.48	£1,211,516.18	£913,523.00	1.33
Home	551	551	0	119.54	248.64	428.54	773.10	283.83	£3,425,033.56	£2,469,538.54	£1,432,167.00	1.72
Jephson	1,165	1,165	0	103.29	214.85	423.00	754.40	152.73	£6,257,392.09	£4,457,500.22	£3,076,087.00	1.45
Thames Valley	515	515	0	129.81	270.00	447.88	748.49	329.59	£3,476,281.12	£2,551,360.56	£1,626,736.00	1.57
Viridian	1,415	1,415	0	121.54	252.81	465.84	766.60	685.55	£8,943,247.56	£5,871,560.18	£4,092,419.00	1.43

TABLE 2: COLLECTION

	OVER LAST 52 WEEKS ...					OVER LAST 28 WEEKS ...
			NET	(COLLECTED				NET	(COLLECTED
		COLLECTED	COLLECTED	RENT) /(GROSS				COLLECTED	RENT) /(GROSS
ASSOCIATION	GROSS RENT	RENT	RENT	RENT)	(NCR) /(ADS)	GROSS RENT	COLLECTED RENT	RENT	RENT)	(NCR) /(ADS)
A2	£2,334,384.94	£2,291,081.17	£1,332,802.05	0.98	1.94	£1,169,556.01	£1,184,976.14	£702,350.42	1.01	1.02
Derwent	£1,929,419.76	£1,974,153.83	£1,335,652.47	1.02	1.46	£1,038,345.50	£1,005,132.66	£655,192.40	0.97	0.72
Home	£3,088,563.36	£2,953,201.87	£2,044,723.84	0.96	1.43	£1,631,037.23	£1,545,242.52	£1,071,149.50	0.95	0.75
Jephson	£6,271,681.00	£6,296,184.51	£4,759,607.19	1.00	1.55	£2,887,757.68	£2,870,459.00	£2,155,260.76	0.99	0.70
Thames Valley	£3,476,513.35	£3,430,007.57	£2,646,171.74	0.99	1.63	£1,866,846.80	£1,863,435.11	£1,440,700.99	1.00	0.89
Viridian	£8,964,846.42	£8,650,168.63	£5,946,499.33	0.96	1.45	£4,811,529.63	£4,632,877.33	£3,171,515.61	0.96	0.77

TABLE 3: COMPLIANCENET R

	COVER	OVER LAST 52 WEEKS ...		OVER LAST 28 WEEKS ...
			NET		NET
		COLLECTED	COLLECTED	COLLECTED	COLLECTED	OUTCOME OF
		RENT OVER	RENT TEST	RENT OVER	RENT TEST	STOCK
		GROSS RENT >=	NCR >= 115%	GROSS RENT	NCR >= 61.92%	CONDITION
ASSOCIATION	NRC>=105%	95%	ADS	>= 95%	ADS	SURVEY
A2	Pass	Pass	Pass	Pass	Pass	CGTC
Derwent	Pass	Pass	Pass	Pass	Pass	CGTC
Home	Pass	Pass	Pass	Fail	Pass	CGTC
Jephson	Pass	Pass	Pass	Pass	Pass	CGTC
Thames Valley	Pass	Pass	Pass	Pass	Pass	CGTC
Viridian	Pass	Pass	Pass	Pass	Pass	CGTC

TABLE 4: ADDITIONAL FACILITY

	PROVIDER NAME	DRAW-DOWNS	OUTSTANDING BALANCE
ORIGINAL AF PROVIDER	Barclays Bank plc	£9,435,000.00	£0.00

TABLE 5: LIABILITIES

	OUTSTANDING	TOTAL NOTE
	NOTE AMOUNT	AMOUNT
	PRINCIPAL (PER	ISSUANCE PER
	£100)	DATE
AS AT END
OF THE QTR	37.04158645	£192,270,000.00

o Home Group 28 week test has failed in this period, however they have passed their Net Collected Rent Test

o The Riverside Group Limited (formerly Riverside Housing Association Limited - repaid June 2017

o Midland Heart Limited (formerly Touchstone Housing Association Limited and Touchstone 2 Housing Association Limited) - repaid June 2017

o Your Housing Limited (formerly Knightstone Housing Association Limited) - repaid Dec 2017

o Liverty Limited (formerly Knightstone Housing Association Limited - repaid June 2018

o Paradigm Homes Charitable Housing Association Limited (formerly Chiltern Hundreds Housing Association) - repaid Dec 2018