Financing Social Rented Housing

Social rented housing is typically funded through a combination of DfC grant funding, which is administered by NIHE, and an RHAs own funding. This is controlled within financial parameters, set out by DfC under Total Cost Indicators (TCI), an 'all-in' forecast on unit costs. The grant is only payable to RHAs, who will acquire properties from the developer; therefore, the developer should discuss proposals, TCI levels and financing with an RHA, again from the very outset. Intermediate housing may be funded by private capital and loans, including loans from DfC such as Financial Transaction Capital.