by Marco Cillario Mon 30 January 2017, 4:03 pm
An organisation working on a number of schemes in Waltham Forest has merged with another company to form the largest housing association in the UK.
Circle Housing Group has joined forces with Affinity Sutton to become Clarion Housing Group, with plans to build 50,000 new homes in the next 10 years, making it one of the biggest housebuilders in the country.
The new organisation will more than double the supply of new homes that the two former organisations could build.
When announcing the merger, Clarion Housing said it will not rely on any government subsidy and will prioritise affordable housing with around two-thirds of its programme for affordable rent and low cost home ownership.
The new group also announced an investment of £150 million over the next decade in programmes to improve lives of local community, along with a regional structure to maintain “close working relationships” with them.
“We have created Clarion Housing Group in response to the acute need to deliver more affordable housing,” said Clarion Housing Group’s chief executive Keith Exford.
The group’s chairman, Sir Robin Young, said the merger marked the beginning of “a new type of organisation that is committed to improving the lives of residents now and for years to come, by building more homes and investing in communities”.
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