Social Housing Owned By For-Profit Providers Increases By 75%

Data collected by the Regulator of Social Housing (RSH) showed that 49 for-profit providers reported having 9,313 social homes compared with 5,342 in the year to March 2019. The data reflects the growth of the for-profit sector in recent years, with a number of high-profile private companies registering for-profit arms in recent times. These include asset management giant Legal & General setting up L&G Affordable Homes and Sage Housing which is owned by investment giant Blackstone. Both of these providers have begun delivering hundreds of homes through Section 106 and direct delivery. Read more on Inside Housing.

https://www.insidehousing.co.uk/news/news/social-housing-owned-by-for-profit-providers-increases-by-75-69680#:~:text=The%20number%20of%20social%20housing,2020%2C%20new%20data%20has%20revealed.&text=Data%20collected%20by%20the%20Regulator,the%20year%20to%20March%202019.