We welcome approaches from new investors.
We build homes in areas where there is an overwhelming demand for affordable housing. We have a strong business plan and are committed to using our financial capacity to grow the business and provide more high quality new homes with low levels of subsidy.
To meet our aim we need a diverse range of funding which is structured cost-effectively to provide the necessary investment funds and maintain liquidity.
Following our bond issue in early 2015, and the successful amalgamation to form PA Housing, our strategy is to continue to fund responsible growth, with investment enhancing the value of the business.
Our board members are responsible for governing PA Housing. Their central role is to direct our work and determine direction and strategy in an effective and accountable way. As a business for social purpose we believe that it is important that we are open and transparent in all that we do.
Latest News - 13 April 2017
Paragon Treasury Plc is a wholly owned subsidiary company of Paragon Community Housing Limited.
Paragon Community Housing Limited amalgamated with asra Housing Association Limited and Leicester Housing Association Limited on 13 April 2017 to create Paragon Asra Housing Limited.
Paragon Treasury Plc remains as a wholly owned subsidiary of the new organisation.
The political and economic environments have become extremely challenging, and this amalgamation provides an opportunity to unlock capacity to build additional homes, together with extracting efficiencies to further improve services. The asset base consisting of 24,000 homes will enable the organisation to cope better with external challenges. This is a very exciting phase for the new Board, Executives and 600 colleagues to make a positive difference for our customers”.Dilip Kavi, Chief Executive
Moody’s assigns rating to PA Housing, A2, negative outlook
Paragon Asra Housing Ltd is now the parent company for Paragon Treasury Plc, the SPV holding Paragon’s 2015 bond issuance. Its senior secured debt rating is unaffected by the amalgamation, reflecting the fact that the new company retains key strengths from Paragon, including strong liquidity, robust operating performance and a moderate risk appetite.
The outlook on all registered providers is negative reflecting the sector-wide uncertainty on them following the UK’s vote to leave the European Union.
Media & press contact
Executive Director of Finance
0116 257 6716