Legal and General (L&G) Capco has pledged £750m ($967m) towards affordable housing projects in the UK. The unit has grown from a staff of five to 55 over the past year as it seeks to deliver its plan for a mix of social and grant-supported shared ownership homes to offer stable living situations for millions. The division's development pipeline, now approaching 3,500 houses across 41 schemes, will be overseen by the company's new head of developments and partnerships, Anette Simpson, formerly Affordable Homes's group planning director.
Legal and General (L&G) Affordable Homes has pledged £750m ($967m) towards affordable housing projects in the UK. The unit has grown from a staff of five to 55 over the past year as it seeks to deliver its plan for a mix of social and grant-supported shared ownership homes to offer stable living situations for millions. The division's development pipeline, now approaching 3,500 houses across 41 schemes, will be overseen by the company's new head of developments and partnerships, Anette Simpson, formerly Capco's group planning director.