The National Housing Bank is a government public finance institution, created to accelerate the delivery of new homes and communities, as well as the generation of towns and cities across England.
It will work with housebuilders, developers, investors and registered providers to deploy up to £16bn of debt, equity and guarantees.
The National Housing Bank will support the delivery of 500,000 homes, regeneration and mixed-use schemes, with aims to unlock more than £53bn of private investment over the next decade.
The launch is supported by Homes England’s Investment Prospectus, a statement covering how it will deliver homes and regeneration.
Homes England and Aviva have invested £100m in the programme and will work with Place Capital Group to deliver 300 homes, with scope to increase this to 3,300 as funding grows.
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The homes will be high-quality, low-energy rental homes, developed on underused brownfield sites in regional UK towns and cities and targeting lower- to middle-income working families.
The National Housing Bank is a subsidiary of Homes England, and will provide flexible, government‑backed finance across funds, platforms and partnerships.
Simon Century, chief executive of the National Housing Bank, said: “This partnership with Aviva is exactly the kind of investment that the National Housing Bank was created for. Bringing together government-backed finance and institutional capital from a Sterling 20 investor, it supports the creation of a new housing delivery platform, working with talented delivery partners with the ambition to deliver at scale. It will unlock brownfield land and deliver high-quality, affordable family homes for rent across the UK, starting in Liverpool and Manchester.
“We look forward to the establishment of more platforms like this powered by the National Housing Bank, to bring investment from institutional investors and the private sector into England’s housing market.”
David Epstein, managing director at Aviva Capital Partners, said: “This investment will provide working families with high-quality, aspirational rental homes with stable tenancies, supporting urban neighbourhoods across the country to get ready for the future.
“The partnership is another way Aviva is investing in the UK, working together with Homes England to improve local economies and communities in cities across the country.”
