Housing Association Funding Plc - Quarterly Report

Housing Association Funding Plc - Quarterly Report

PR Newswire

London, September 18

QUARTERLY REPORT AS ATJune 2019
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	170.50	154.04	9.49	14.96	57.40	£2,509,006.56	£1,204,217.94	£686,751.00	1.75
Derwent	420	421	(1)	88.83	83.63	8.15	62.30	40.39	£1,906,331.44	£1,188,611.26	£913,523.00	1.30
Home	551	551	0	99.69	207.36	439.70	792.70	275.12	£2,769,674.44	£1,828,240.46	£1,432,167.00	1.28
Jephson	1,162	1,165	(3)	102.36	212.92	434.00	773.53	156.18	£6,185,199.02	£4,353,155.91	£3,076,087.00	1.42
Thames Valley	523	523	0	127.45	265.11	456.38	767.15	406.19	£3,466,258.12	£2,475,267.81	£1,626,736.00	1.52
Viridian	1,415	1,415	0	118.55	246.58	477.31	785.05	604.84	£8,722,864.80	£5,731,865.57	£4,092,419.00	1.40

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	£2,234,104.81	£2,339,209.16	£1,249,536.75	1.05	1.82	£1,064,548.80	£1,154,233.02	£547,186.33	1.08	0.80
Derwent	£1,925,900.05	£1,950,208.64	£1,301,891.36	1.01	1.43	£1,036,762.67	£1,045,451.40	£697,002.70	1.01	0.76
Home	£2,992,924.69	£2,886,160.38	£2,035,405.41	0.96	1.42	£1,598,002.03	£1,579,847.04	£1,137,660.17	0.99	0.79
Jephson	£6,238,851.41	£6,237,613.49	£4,679,257.56	1.00	1.52	£2,869,820.39	£2,888,092.33	£2,164,134.35	1.01	0.70
Thames Valley	£3,470,351.42	£3,425,898.68	£2,622,974.23	0.99	1.61	£1,870,910.46	£1,879,934.67	£1,439,293.26	1.00	0.88
Viridian	£8,022,104.23	£7,972,208.10	£5,537,988.99	0.99	1.35	£4,756,466.21	£4,744,771.35	£3,406,577.39	1.00	0.83

TABLE 3: COMPLIANCE

ASSOCIATION	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	35.868302	£192,270,000.00