Housing corporations face a substantial investment challenge. New construction, sustainability initiatives, liveability improvements, and affordability objectives require significant investment, while funding capacity, regulations, and market conditions continue to evolve.
A future-proof treasury function helps maintain control over financing, liquidity, and financial risks. This enables investment plans to remain feasible and allows management to make financial decisions with confidence.
Over 30 years of experience in the housing corporation sector
For more than 30 years, Zanders has supported small, medium-sized, and large housing corporations with treasury and financing challenges. We combine deep sector knowledge with specialist expertise in financing, liquidity management, interest rate risk management, and treasury governance.
From strategic advisory services to the execution of financing transactions, we help housing corporations develop a robust treasury function that supports both long-term financial continuity and societal impact.
New construction, sustainability, and maintenance programs require a future-proof financing strategy. We help housing corporations translate their asset strategy and investment plans into an appropriate financing approach. By providing early insight into future funding requirements, we ensure sufficient financing capacity is available to realize ambitions at acceptable levels of risk and cost.
The objective is to structure the financing portfolio, within both external and internal constraints, in a way that aligns the long-term property portfolio with the financing portfolio.
We support housing corporations in securing both guaranteed (DAEB) and non-guaranteed (non-DAEB) financing. Through our knowledge of the financing market and extensive experience in the housing sector, we deliver an efficient financing process, competitive terms, and a financing structure that fits your portfolio.
The treasury committee is responsible for decision-making on treasury-related activities. Zanders acts as an independent advisor, keeping your organization informed of relevant regulatory developments and trends in the money and capital markets.
From strategy to concrete treasury actions
A Treasury Annual Plan (TAP) provides insight into the actions, risks, and decision points that will impact the treasury function in the year ahead. The plan should closely align with both the Treasury Charter and the financing strategy. Zanders supports housing corporations in developing practical and forward-looking treasury plans, enabling them to anticipate financing needs and evolving market conditions rather than reacting to them unexpectedly. A strong focus is placed on identifying and managing risk positions, ensuring a robust and effective risk management approach.
Changes in interest rates can have a significant impact on future cash flows, financing costs, and financial ratios. Zanders helps housing corporations identify, assess, and manage interest rate risks, taking into account both the risks within the existing loan portfolio and broader economic exposure to interest rate movements. By aligning risk management with financing needs, investment plans, and the organization’s risk appetite, we create an appropriate balance between risk, flexibility, and cost efficiency.
The Treasury Charter and the Financial Policy Framework for Housing Corporations (RFBB) form the foundation of the treasury function. We support housing corporations in drafting, updating, and evaluating these frameworks. This ensures your organization remains compliant and well-prepared for changes in legislation, regulations, and market practices.
Is your treasury function equipped for tomorrow’s challenges?
The Treasury Readiness Scan provides a clear and practical assessment of whether your treasury function is fit for today’s and tomorrow’s challenges. The scan is efficient, accessible, and requires only limited effort from your organization.
We combine a concise review of existing documentation with a number of interviews across the organization. As a result, we assess not only policies and reporting but also how treasury operates in practice. Our review covers areas such as governance, roles and responsibilities, processes, liquidity planning, portfolio management, and risk management. The outcome is a compact scorecard for each topic, supplemented with practical observations and recommendations for improvement.
The scan requires minimal preparation. We primarily use documents that are typically already available, such as the Treasury Charter, Treasury Annual Plan, treasury reports, loan portfolio overviews, and liquidity forecasts.
For board members, finance managers, controllers, and treasury professionals, the scan provides a valuable starting point for strengthening the treasury dialogue.
In short: rapid insight, limited organizational effort, and concrete recommendations for improvement.
Financing solutions for non-social housing activities
Non-DAEB activities require a financing approach that differs from traditional DAEB financing. Zanders supports housing corporations in developing an appropriate financing strategy and securing non-guaranteed (non-DAEB) funding.
Leveraging our expertise in both the financing market and the housing corporation sector, we help organizations create financial capacity for non-DAEB investments while carefully balancing risk, return, and portfolio considerations.
In addition, the planned expansion of WSW guarantees to mid-market rental housing is expected to create new financing opportunities for housing corporations.
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