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Building affordable homes

Welcome | Supporting our customers Making the most of our money

We build, sell and let new homes, ensuring they are designed and built to a high standard. This enables us to maximise sales and reduce the lifetime costs of those homes we manage and maintain.

Over the past year, we:

  • Delivered 1,006 homes
  • Sold 482 homes
  • Started building 1,877 homes. 

We achieved increased levels of development sales last year. These include both land and our share of joint venture turnover and totalled £250.4m. Of our 77 completed, but unsold, first tranche and outright sale stock at the year end, 39 of these remained to be sold as at the end of June. 

Our aim is to build 8,400 new homes over the next five years and working with others is essential for us meeting this vision. 

In 2018/19, we formed a specialist Partnerships and Regeneration team to lead partnership working and to drive innovation and efficiency. This will allow us to build the maximum number of homes with the resources available more quickly; to unlock strategic sites; and combine our expertise with that of others, reducing risk and costs and delivering value for money.

 

  • Homes England strategic partnership

    In 2018/19, we were one of the first housing associations named as a strategic partner of Homes England. Together with seven other registered providers, we will deliver 14,280 more truly affordable homes for people priced out of the market. Hyde will receive £95.4m as part of the overall £590m package, allowing us to build 1,623 decent homes by 2024 at an affordable price, offered on secure tenures.

  • The London Development Panel

    We were appointed to the Greater London Authority’s new £20bn developer framework that will accelerate the delivery of homes that London desperately needs. This partnership will support our delivery of 3,600 affordable housing starts between March 2021 and March 2022.

  • Evera Homes launched

    November 2018 saw the launch of Evera Homes, an innovative partnership between ourselves and three other housing associations – Longhurst, Flagship and Cross Keys Group – that aims to tackle the acute housing shortage in Cambridgeshire and Peterborough by working together to deliver homes at a much faster pace than the partners could do alone. Evera Homes will unlock sites for more housing, delivering 2,000 homes by 2023.

  • First homes completed at Rochester Riverside

    The first homes at Rochester Riverside were completed in July 2019. Our £419m regeneration scheme, in partnership with Countryside Properties, will see 21ha of brownfield land next to the River Medway transformed over the next 12 years. Along with 1,400 homes, the project includes a hotel, shops, a primary school and public open space.

  • Land purchased at Charlton Riverside

    Within the London Homebuilding Partnership, we purchased 4ha of brownfield land at Charlton Riverside in May 2018. This industrial area has been identified by the Royal Borough of Greenwich as having the potential to meet the area’s housing and employment needs. Our site could provide more than 1,100 homes, 65% of them affordable. Construction is due to start in 2021 and be completed in 2027.

  • Our ongoing stock rationalisation

    In 2018/19 we sold 978 homes to other social housing providers, whom we believed would better manage them, due to the properties being outside of our core strategic and geographic areas. Through our on-going stock rationalisation programme, we increased the average number of homes per borough from 730 in 2018 to 888 in 2019, exiting 17 local authority areas during the year.

  • Our new strategic asset management strategy

    This strategy will help shape what and where we build, ensuring homes match residents’ current and likely future needs. We will be investing in our housing to ensure it continues to meet Decent Homes, the Human Habitation Act and target energy efficiency standards, and will dispose of those not meeting these standards, re-investing in new, more modern, housing, ideally in the same areas. This is not just about building homes, it is about maintaining and creating communities.