The Housing Finance Corporation, a UK affordable housing finance specialist, has provided £250m (€289.5m) funding to Sovereign Network Group to support the housing association’s growth strategy.
SNG is delivering homes across London and southern England, with 709 social rent homes under construction in the capital. The new funding will back its strategy to invest in affordable housing, support existing communities and drive future growth.
Anup Dholakia, director of treasury at SNG, said: “This partnership with The Housing Finance Corporation supports our long-term ambitions to invest in both new and existing homes, while continuing to deliver safe, affordable and energy-efficient homes for our customers.
“As a purpose-led organisation, we are focused on creating thriving communities and delivering lasting social impact. Having funding partners that understand the housing sector and share our values is an important part of achieving that vision.”
Priya Nair, CEO of The Housing Finance Corporation, said: “Providing long-term funding is increasingly important as housing associations continue to invest in homes, communities and existing housing stock.
“SNG’s scale, ambition and strong social purpose make it a natural fit for The Housing Finance Corporation and this partnership reflects a shared commitment to supporting high-quality affordable housing and community impact.”
The new facility represents The Housing Finance Corporation’s second major deal of this scale, following a similar-sized funding agreement with MTVH announced in June 2025.
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