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L&G invests £750m into affordable housing

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  • 21/10/2019
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L&G invests £750m into affordable housing
Legal & General Affordable Homes has announced it has committed a further £750m to new affordable housing projects throughout the UK, increasing its development pipeline to nearly 3,500 homes, across 41 schemes.

 

The company has expanded over the last year, with the business growing from five to 55 employees. 

Legal & General Affordable Homes’ latest appointment, Anette Simpson (pictured), has joined the business as director of developments and partnerships.  

Previously group planning director at CapCo, Simpson will lead and coordinate the direct delivery of the company’s affordable housing schemes and oversee all aspects of development to legal completion.  

Across its growing portfolio, Legal & General Affordable Homes is delivering a mix of social and affordable rental homes, grant-supported shared ownership homes and Section 106 schemes; as sole ventures and in partnership with housing associations. 

The insurance giant also welcomed its first residents in October, with move-ins commencing at its Bickland Water Road scheme in Falmouth, Cornwall, managed by housing association, Coastline Housing. 

Ben Denton, managing director, Legal & General Affordable Homes, said: “There is an urgent need to innovate new ways to provide stable homes for the millions of households on waiting lists. 

“As part of our continued expansion, we have put together a capable and experienced leadership team. Anette Simpson is another key hire, helping us to drive forward our pioneering Institutional Registered Provider model.”

 

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