Social Housing Infrastructure
Affordable Homes for Life
A Private Capital Programme to Fund and Sustain the UK's Social Housing Estate
Off-balance sheet capital solutions for Registered Providers - delivering long-term, flexible finance with no debt, no gearing, and no covenant impact.
Affordable Homes for Life
Affordable Homes for Life (AHFL) is our private capital platform designed specifically for Registered Providers. We offer off-balance sheet funding solutions for social and affordable housing across the UK—enabling RPs to acquire, develop, and retrofit housing stock without impacting gearing ratios, debt covenants, or regulatory thresholds.
Off-Balance Sheet Structure
Long-dated CPI+ indexed leases structured as operational expenditure, not debt—preserving financial headroom and covenant compliance.
ESG & Decarbonisation
Fully funded retrofit infrastructure with no repayment burden—helping RPs meet Net Zero targets without capital constraints.
Operational Control
RPs retain full control over operations, tenant relationships, and branding—we provide the capital, you maintain the mission.
Our Product Suite
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Acquisition (Including S106)
We acquire homes at social housing valuation and lease back to RPs on pre-agreed, inflation-linked terms—securing pipeline without impacting balance sheets.
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New Build / Forward Funding
We fund 100% of development costs through an SPV structure, with RPs contributing land or planning uplift—delivering homes without debt or gearing impact.
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ESG Retrofit Leaseback
Fully funded retrofit infrastructure (solar, insulation, smart tech) under a perpetual licence—we monetise SEG and carbon credits while RPs and tenants benefit from energy savings.
Affordable Homes For Life: Unlocking Capital for Housing Providers
A pioneering private capital platform that funds, acquires, and decarbonizes social housing—without placing debt, gearing, or repayment burdens on Registered Provider balance sheets. Through innovative leasing structures and ESG infrastructure monetization, we enable housing delivery without covenant constraints.
Key Features
- Off-balance sheet long-dated CPI+ FRI/PRP leases
- Zero financial covenants or gearing constraints
- Funded ESG infrastructure with perpetual license
- Preserved RP control of operations and tenancies
- Flexible deployment across acquisition, development, and retrofit
How It Works
An end-to-end housing finance ecosystem
1. Acquisition
Fund Section 106 and open market purchases with immediate leaseback to RPs, preserving capital for other priorities
2. Development
Forward fund new construction with RPs contributing land as equity and AHFL funding 100% of build costs
3. Retrofit
Fund deep energy retrofits with perpetual infrastructure licenses, monetizing solar and carbon while reducing tenant bills
4. Partnership
Establish strategic capital frameworks that blend funding across multiple projects with pre-agreed terms for faster execution
Platform Capabilities
Comprehensive financing solutions for housing associations and registered providers
Treasury-Friendly Structures
Covenant-light financing solutions that preserve borrowing capacity, regulatory ratings, and financial flexibility while delivering new housing at scale.
- Off-balance sheet treatment
- Zero DSCR/ICR impact
- No gearing constraints
Growth Acceleration
Fast-track deployment capabilities that enable RPs to move quickly in competitive acquisition scenarios, secure pipeline, and rapidly deliver units.
- 45-day deal execution
- Pre-agreed framework terms
- Competitive bid positioning
ESG Infrastructure
Fully funded decarbonization pathway that enables RPs to meet Net Zero targets, improve EPC ratings, and reduce tenant energy bills without balance sheet impact.
- Solar & ASHP deployment
- Deep retrofit funding
- Carbon & SEG monetization
Ecosystem Integration
AHFL seamlessly connects with the Kennis Capital technology ecosystem. Our financing structures integrate with Muebox for property management optimization, while energy assets feed into Sanufa for renewable power aggregation. The platform provides housing associations and registered providers with comprehensive funding tools that complement existing treasury strategies while unlocking new delivery capacity across acquisition, development, and retrofit.
What Our Partners Say
Trusted by Registered Providers across the UK
Unlock Your Development Potential
Join Registered Providers across the UK who are accelerating housing delivery, achieving Net Zero targets, and preserving financial strength with AHFL's off-balance sheet capital solutions.
Our team will provide a tailored assessment of how AHFL can support your specific housing delivery and decarbonisation objectives.
Strategic Outcomes
Delivering essential housing infrastructure with institutional-grade returns.
Affordable Housing Infrastructure
Our affordable housing strategy delivers essential residential infrastructure that addresses housing needs while generating predictable, long-term returns. By partnering with housing associations and local authorities, we enable the delivery of modern, energy-efficient homes without adding debt or procurement complexity.
Key outcome metrics:
| Tenant Strength | Housing associations and public sector partners with strong credit and low default risk. | |
| Social Impact Credentials | Critical housing services with direct community benefits and measurable social outcomes. | |
| Energy & ESG Compliance | Retrofit or new builds reduce energy use, increase sustainability, and meet EPC targets. | |
| Exit Flexibility | Aggregated into housing funds, REITs, or held in core yield portfolios with inflation-linked income. |
Partnering with Registered Providers
Working in alignment with housing associations, local authorities, and mission-driven developers.
Want to collaborate?
Email usLet’s talk delivery
Chat with usWe fund and deliver essential housing infrastructure: general needs, supported living, extra care, modular infill, and temporary accommodation. All schemes are delivered under CPI-linked lease or delivery partnerships, ensuring long-term resilience and alignment with RP objectives.
We operate as a capital partner and delivery enabler. Our structures are off-balance sheet, fully RSH-aligned, and procurement-light. Whether through leaseback, turnkey development, or joint ventures, we tailor each transaction to your governance model and regulatory requirements.
Yes. Our leases are developed to meet Regulator of Social Housing (RSH) standards and are structured to be compliant with Homes England grant conditions. We work with your legal team to tailor lease terms, break clauses, and inflation indexation in accordance with your operating framework.
Absolutely. We routinely forward-fund developments or acquire land and act as principal developer. Assets can be delivered to full turnkey spec, including MMC, energy systems, and ESG targets. We deliver through our in-house team or local delivery partners, depending on geography.
We use a combination of asset-level IoT, tenant engagement platforms, and ESG dashboards to track social and environmental outcomes. RPs and councils have full access to performance reporting, ensuring ongoing compliance with regulatory and ESG expectations.
We can complete forward-funding in 9–12 months depending on planning stage, or turnkey delivery in as little as 6 months for modular or refurbished schemes. Early engagement allows us to align fully with your allocations, pipeline, and operational targets.