Futures Housing secures £310m

Futures Housing Group has secured £310m in funding to deliver around 1,200 new homes. The housing association received £110m from new bank facilities, with a further £200m on a 25-year public bond at a rate of 3.375%. The bookrunners for the bond were Santander and NatWest Capital Markets. Futures was advised by Savills. Futures will use the finance to develop its £170m pipeline of 1,200 homes over the next five years. The remaining funding will be used to restructure its existing debt. Chief executive Lindsey Williams said the investment would enable “further growth and more partnerships”. Futures Housing Group manages