Housing Association Funding Plc - Quarterly Report
PR Newswire
London, June 17
| TABLE 1: COLLATERAL | ||||||||||||
| ASSOCIATION | NO OF DWELLINGS | LAST REPORT NUMBER OF DWELLINGS | DIFFERENCE NUMBER OF DWELLINGS | AVERAGE PER DWELLING | GROSS ANNUAL RENT | NET RENTAL INCOME | ANNUAL DEBT SERVICE | NET RENTAL COVER | ||||
| WEEKLY GROSS RENT | VOIDS & CREDIT LOSSES | ANNUAL PROVISION PER DWELLING FOR… | ||||||||||
| MANAGEMENT | MAINTENANCE | SERVICE CHARGES | ||||||||||
| A2 | 283 | 283 | 0 | 149.50 | 144.42 | 9.25 | 14.59 | 38.23 | £2,200,079.28 | £1,198,690.95 | £686,751.00 | 1.75 |
| Derwent | 421 | 421 | 0 | 88.62 | 118.48 | 8.13 | 62.44 | 30.04 | £1,940,002.48 | £1,211,516.18 | £913,523.00 | 1.33 |
| Home | 551 | 551 | 0 | 99.69 | 207.36 | 428.54 | 773.10 | 264.76 | £2,856,342.84 | £1,934,101.01 | £1,432,167.00 | 1.35 |
| 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 | 121.43 | 252.58 | 465.84 | 766.60 | 685.55 | £8,934,917.16 | £5,863,562.99 | £4,092,419.00 | 1.43 |
| TABLE 2: COLLECTION | ||||||||||
| OVER LAST 52 WEEKS … | OVER LAST 28 WEEKS … | |||||||||
| ASSOCIATION | GROSS RENT | COLLECTED RENT | NET COLLECTED RENT | (COLLECTED RENT) /(GROSS RENT) | (NCR) /(ADS) | GROSS RENT | COLLECTED RENT | NET COLLECTED RENT | (COLLECTED RENT) /(GROSS RENT) | (NCR) /(ADS) |
| A2 | £2,327,793.65 | £2,319,714.85 | £1,360,166.11 | 1.00 | 1.98 | £1,160,760.23 | £1,191,048.79 | £712,112.70 | 1.03 | 1.04 |
| Derwent | £1,933,482.24 | £1,967,883.92 | £1,317,501.78 | 1.02 | 1.44 | £1,038,436.23 | £1,032,254.49 | £682,323.03 | 0.99 | 0.75 |
| Home | £3,037,312.63 | £2,901,183.17 | £2,023,089.85 | 0.96 | 1.41 | £1,602,018.39 | £1,558,011.02 | £1,116,024.63 | 0.97 | 0.78 |
| Jephson | £6,256,762.83 | £6,209,856.72 | £4,660,260.53 | 0.99 | 1.51 | £2,887,883.44 | £2,844,913.74 | £2,129,715.50 | 0.99 | 0.69 |
| 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 | £7,902,967.21 | £7,810,608.81 | £5,409,418.05 | 0.99 | 1.32 | £4,807,594.65 | £4,730,496.47 | £3,269,225.45 | 0.98 | 0.80 |
| TABLE 3: COMPLIANCE | ||||||
ASSOCIATION | NET RENTAL COVER | OVER LAST 52 WEEKS … | OVER LAST 28 WEEKS … | OUTCOME OF STOCK CONDITION SURVEY | ||
| NRC>=105% | COLLECTED RENT OVER GROSS RENT >= 95% | NET COLLECTED RENT TEST NCR >= 115% ADS | COLLECTED RENT OVER GROSS RENT >= 95% | NET COLLECTED RENT TEST NCR >= 61.92% ADS | ||
| A2 | Pass | Pass | Pass | Pass | Pass | CGTC |
| Derwent | Pass | Pass | Pass | Pass | Pass | CGTC |
| Home | Pass | Pass | Pass | Pass | 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 NOTE AMOUNT PRINCIPAL (PER £100) | TOTAL NOTE AMOUNT ISSUANCE PER DATE | |
| AS AT END OF THE QTR | 37.04158645 | £192,270,000.00 |
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