HAB Housing, the design-led sustainable, environmentally and community conscious custom housebuilder founded by Grand Designs’ Kevin McCloud, has launched a new GBP50 million IFA Bond.
The bond aims to raise an initial GBP8-10 million to fund the recently announced Elderberry Walk development in Bristol, which starts construction later this year. With three new projects in the pipeline, the goal is to raise GBP50 million over the next 12 months to facilitate the acquisition of land, and the development and construction of sustainable housing projects in the South West and South East of England.
HAB was launched in 2007 with a vision to counterbalance large volume housing schemes with beautiful, sustainably built homes. HAB schemes incorporate social housing, green space and community areas, taking local context and needs into consideration. The HAB IFA bond will raise money to build up to 600 new homes per year, in a bid to offset the UK Housing crisis.
McCloud says: “I’m very excited to launch the IFA bond hot on the heels of our successful crowd-funded mini-bond. It’s a great opportunity for us to deliver against our sustainability objectives and become a truly triple bottom line business – creating measurable social, environmental and sound financial profits.
“Our innovative approach to fundraising will also help us achieve our five-year vision to build 600 new homes per year, combat the UK housing crisis, and challenge the way volume housing is designed and delivered.”
It’s been a milestone year for HAB: The Acre in Oxford sold out and families are now moving in; Lovedon Fields in Winchester sold out 100% off plan; Elderberry Walk begins construction this autumn; Barns Road, Oxford won a regional RIBA award, and the Housing and Communities Agency selected HAB as a trusted developer to join DPP3. The launch of the IFA Bond is just another step forward, as we continue to build award-winning housing that is a pleasure to live in.
HAB’s CFO Simon Bullock, says: “HAB’s five year vision is to be building 600 homes per year. That’s a tenfold increase on our current builds, and we are launching this IFA Bond in order to achieve that. As a small house builder with pride in what we do, we hope the Bond will enable us to continue building sustainable homes that people love to live in.”