Securing Our Future

bpha has had a continuous growth strategy since its incorporation in 1990.

Homes owned or managed at year end

Development criteria

Strict development criteria is applied to all new projects to ensure each development enhances bpha’s financial strength.

35 year NPV and no terminal value
Conservative development assumptions applied
No capital appreciation assumed
Asset value generated for charging of security must normally be greater than net development cost so that overall balance sheet capacity is enhanced
IRR must achieve a hurdle rate set on basis of: long term cost of funds + margin + interest cover buffer + risk buffer