Group of 15 largest providers commits to increase to 93,000 over decade to 2025

Housebuilding

A group of London鈥檚 15 largest housing associations has committed to doubling its housebuilding programme to 93,000 over the decade to 2025.

The programme 鈥 proposed by the g15 group of housing associations 鈥 could be worth up to 拢50bn in investment. The g15鈥檚 housing offer is currently being discussed with local authorities, City Hall and central government.

The proposal sets out requirements to increase delivery, including cross-party commitment to tackle the housing crisis; aligning housing and welfare policy to support long-term housing supply; additional investment through equity, bond guarantees or discounted land; certainty on rent levels; and a pipeline of development-ready public sector land.

The news comes after Sovereign and Spectrum Housing Group became the latest housing associations to announce they were considering merging last week, to create a 56,000-home organisation. Affinity Sutton and Circle, and Genesis and Thames Valley have already agreed mergers respectively.