The UK government’s PRS housing guarantee scheme, managed by ARA Venn, has ramped up £1.25bn in lending following major deals in the first half of the year.
ARA Venn agreed some £250m in bond sales in Q2, financing six PRS loans, including a facility to back ECE’s landmark £400m acquisition of 2,063 homes from Dandara, first reported by EG.
The government launched the £3.5bn PRS housing guarantee scheme in 2012 to support institutional investors increase the supply of purpose built rented homes.
Housing minister Christopher Pincher said: “This important milestone reached today will ensure we are able to continue to support the build-to-rent sector through the pandemic and beyond.”
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