We secure £25 million funding to keep investing in homes and communities

We have received £25 million in new funding to support investment in our homes, services, and future developments.

The funding comes through our long‑term partnership with Blend Funding Plc (Blend), part of The Housing Finance Corporation, a financing vehicle which enables housing associations to access flexible and cost-effective capital. This latest agreement was completed quickly by utilising our pre agreed facilities and through a new debt capital markets auction platform, BondAuction, allowing us to secure the money at a competitive fixed rate.

For our tenants, this means we can continue with our plans to maintain and improve existing homes, build new affordable homes, and invest in services that support our communities.

Ashley Harrison, Director of Resources and Commercial Services at Ongo, said: “Having access to funding like this gives us stability and certainty at a time when costs are rising and demand for affordable housing continues to grow.”

Jakub Palowski, Relationship Manager at The Housing Finance Corporation, said: “This deal shows how reliable and flexible the Blend model is for housing associations. Using our retained bonds through the new

BondAuction platform meant we could give Ongo fast access to affordable, shorter‑term funding to support its long‑term plans for homes and communities. The flexible structure also allows Ongo to secure funding at the right moment while continuing its day‑to‑day work with confidence.”

This new funding is part of our wider financial strategy to make sure we can keep delivering safe, secure, and affordable homes for the people who need them most, and to support us in achieving our Corporate Plan objectives.