Building a new model for social housing
Despite the economic downturn, we’ve kept on building and we are securing opportunities to build another 4,500 new homes over the next four years.
We completed 637 new homes in 2010/11 including several landmark schemes in Stratford, Highgate and Barnet and we have 2,448 more at various stages of development. Read more about our completed and upcoming flagship schemes.
A further 2,448 homes are at various stages of development across a range of schemes including King’s Cross Central and Canning Town - two of London's largest regeneration projects.
Exploring new funding models
Our recent schemes are some of the first where we are generating profit from private sales. With significantly reduced grants for social housing, we have had to explore new funding routes – and, as a result, most of our new schemes are now ‘mixed tenure’ developments, which include homes for private sale to cross-subsidise our affordable programme.
Moving away from the 100% social housing estates of the past, we want to use our skills as a developer and an agent for change to help create more integrated, more sustainable communities – places where people of different income levels live next door to one another, and feel more inspired to move forward with their lives.
Opening up affordable housing
Part of creating mixed tenure developments is also about opening up our housing to more people who need it. We’d like to make our homes available to people in low paid jobs, for example, who haven’t had access to affordable housing before, but are unable to afford market rents or the average £50,000 first-time buyers’ deposit in London.
A commitment to quality
Designing high quality homes has always been at the core of our business. We have continued to be recognised for the quality of our work with award wins for several of our schemes including Roden Court and Trees. View a list of the awards and accreditations we have won in the past year and previous years.