Posted 25.08.21
G15: Further reading
Despite the impact of the pandemic, the G15 - which represents the London's 12 largest housing associations - completed more than 11,000 new homes in 2020/21.
In total across the country, 11,056 new homes were handed over in the last year - a 'handover' is when the keys to a new home are given to its residents.
Of these newly completed homes. 72% were for affordable housing tenures, including 48% being affordable rented homes.
The proceeds from the homes completed for open market sale and market rent are used to help deliver affordable homes through cross-subsidy.
The number of new homes completed in the last year was the second highest total since 2015/16, only bettered by the 13,356 homes that were handed over in 2018/19.
Importantly, 2020/21 also saw construction begin on a further 10,951 new homes, 85% of which are affordable homes - the highest proportion in the last 6 years and 10% higher than 2019/20.
The last year saw building works start on the largest number of new social rent homes since 2015/16, with 1,050 homes getting under way.
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