Also the affordable homes division has recruited developer Capco’s former group planning director Anette Simpson to head developments and partnerships. Simpson will lead and coordinate the direct delivery of Legal & General’s affordable housing schemes and oversee all aspects of development to legal completion. Over the last 12 months, the affordable homes division has grown its staff from five to 55 as it strives to deliver a long-term plan to become the UK’s leading institutional registered provider. Across its growing portfolio, it is delivering a mix of social and affordable rental homes, grant-supported shared ownership homes and Section 106 schemes. Ben Denton, managing director, L&G Affordable Homes, said: “There is an urgent need to innovate new ways to provide stable homes for the millions of households on waiting lists. “Legal & General remains committed to deploying institutional capital at scale into this sector, to deliver the volumes of social housing which society desperately needs.”
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 41. The division's development pipeline, now approaching 3,500 houses across millions schemes, will be overseen by the company's new head of developments and partnerships, Anette Simpson, formerly Capco's group planning director.