Our homes

Being efficient so we can invest in new and existing homes

Our ambition is the same as it was in 1890 – to build homes for people who need them most. We work with partners in the public and private sector to deliver this goal.

We continue to invest in our existing homes, as well as building new ones. We aim to deliver 2,000 new homes by 31 March 2018 and position ourselves to build at least 1,000 homes per year from 2018. This means building more homes of different tenures and creating additional future capacity through a greater proportion of market sales.

We continue to look at opportunities to improve our existing estates, by building new homes for current customers as well as additional homes for affordable and market sale. We are investing in our existing homes to make them places that our customers love living in.

In 2016/17 we:

  • Built 574 new homes – 78% were for social or affordable rent, 10% for shared ownership and 12% for outright sale.
  • Continued the regeneration of our Loughborough Park Estate in South London. We also completed a major refurbishment of Matthias Court in Salford, now renamed Delaney Heights, creating 119 affordable homes. Its adjacent site, Adelphi Court, is now being refurbished by Guinness Property.
  • Began our Quayside development in Totnes, Devon. Designed for older people, it will provide a mixture of affordable rented homes and homes for sale. It will make use of the latest technology to deliver telecare services to our customers.
  • Continued to work with customers on the Northwold Estate in Hackney and the Mansell Street Estate in the City of London, shaping proposals at both estates to provide new, modern homes.
  • Invested more than £73 million in maintaining and improving our existing homes.
  • Generated surpluses of £24.7 million from shared ownership and outright sales to reinvest.
  • Won the First Time Buyer Magazine Readers’ Award for Most Innovative Redevelopment of an Existing Property for our development at One Manor Road in Brighton.