Delivering more homes

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We build, sell and let new homes, ensuring they are designed and built to a high standard, to provide more affordable housing for those in the most need. Income from market sale homes provides money we can use to build more.

Just 77 homes (37 for outright sale and 40 for shared ownership) remained unsold at the end of the financial year. At 30 June 2020, 25 of these homes (11 outright sale and 14 shared ownership) remained to be sold, exchanged or reserved.

As well as working closely with our public sector partners and growing our initiatives with local government, we are also focusing on our strategy to engage with private capital. We have already established a number of partnerships to deliver thousands of homes:

Through our partnership with Homes England, we will receive £95.4m to build 1,623 affordable homes by 2024
Our partnership with the Greater London Authority will provide funding to support 3,600 affordable home starts between March 2021 and March 2022
Evera Homes is our partnership with Longhurst, Flagship and Cross Keys Group; together, we are tackling the acute housing shortage in Cambridgeshire and Peterborough and aim to deliver 2,000 homes by 2023
Homes for Brighton & Hove, our partnership with Brighton & Hove City Council, will deliver hundreds of affordable homes for lower income working households.

2019/20 highlights

687 new homes completed, including 303 with our partners
1,042 homes started
8,297 homes in the pipeline
401 homes for market sale, and 145 for shared ownership, sold

First residents move to Rochester Riverside

Residents began moving into the first homes at Rochester Riverside – 83, one and two-bedroom apartments and three and four-bedroom houses in June 2019. Construction is forging ahead on the scheme, which we are developing with our partner Countryside. The development will eventually provide around 1,400 homes and amenities, including a school, hotel, shops and public open spaces.
Green light for Homes for Brighton & Hove

Our partnership with Brighton & Hove City Council was granted planning permission to build 346 affordable homes on two sites in Portslade and Coldean in April 2020. Half of the homes will be available for rent, with rents set to be affordable to households earning the National Living Wage. The rest will be available to buy through shared ownership. The first homes are due to be completed in 2022/23.
Work begins on Canterbury Riverside

Canterbury Riverside is a £115m mixed-use regeneration scheme we are developing with Linkcity (part of the Bouygues Construction Group). It will deliver 189 affordable homes, 40% of them for social rent and the rest for shared ownership, ensuring local people can afford to live in the city. The project is expected to be completed in 2023.
New homes coming to Whitstable

We are working with Westerhill Homes, part of Chartway Group, to build about 400 homes for social rent, outright sale, shared ownership and affordable rent in Whitstable. The scheme will create a genuinely mixed community and be one of the first in Canterbury to benefit from our strategic partnership with Homes England.
Putting residents at the heart of Brookhill Close regeneration

Residents gave their overwhelming support for plans to regenerate Brookhill Close in Greenwich, with 86% in favour of regeneration. Eighty homes will be demolished and replaced with 272 new flats and houses, and improvements will be made to the estate layout. There will be social rent homes for existing residents and London Affordable Rent homes for new tenants, plus 64 homes for shared ownership and a further 132 for private sale, helping fund regeneration.
Award-winning developments

In May 2019, we won Homebuilder of the Year (1,000+ programme) at the UK Housing Awards, for our commitment to “building not only new homes, but new communities and delivering measurable social value”.

In September, we were named Overall Winner at the National Housing Awards for our impact on the housing sector, while our Packington Square scheme, completed in 2019, won the Best Regeneration Project award. And in November, our Woodfield Park Road scheme in Emsworth was named Best shared ownership development (rural or suburban) at the Inside Housing Awards.