The Guardian | More than £52m reserved for social housing at risk after collapse of investment firms by Matthew Weaver

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More than £52 million of public money earmarked for social housing is at risk after two investment companies within the Heylo Housing group—backed by BlackRock—went into administration, leaving £46.46 million and £6.21 million of unsecured credit owed to Homes England. The collapse exposes flaws in the 2017 deregulation that let for‑profit firms bid for public funds without adequate oversight, as Heylo’s structure leased homes from investment pods rather than owning them, limiting the Regulator of Social Housing’s ability to intervene. Administrators PWC have assured roughly 3,500 residents in over 100 council areas that they will keep their homes, but the regulator is seeking a new regulated landlord to keep the properties in the social sector, while some of the public grant may still be written off. The case raises concerns about attracting private capital to social housing and the need to close regulatory loopholes.

Read more: https://www.theguardian.com/society/2026/may/20/social-housing-investment-firms-heylo-administration

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