Newlon’s growth plan

We remain committed to meeting housing need through a wide mix of tenures and managed sustainable growth.

Housing_Challenges

With roots steeped in alleviating the appalling housing conditions in late 1960’s East London, Newlon Housing Trust has since grown from two Victorian street properties converted into flats into an 8,000 home charitable housing association working across north and east London.

We provide housing in a wide mix of tenures. As well as traditional social and affordable rented family housing, we have more than 1,800 leasehold and Shared Ownership homes, helping people find an affordable way onto the property ladder.

We also have a large number of intermediate rent homes including many specifically for Key Workers and provide a mix of supported housing for a range of client groups including; Autism and Learning disability; women fleeing domestic violence; Shared Ownership for people with Long term Disability (HOLD) and Extra Care homes for the elderly.

The Newlon Board remain committed to meeting housing need through managed sustainable growth.

Despite low grant levels for new homes and a very competitive market, over the last few years we have continued to grow steadily and are just 200 homes away from meeting our 2013 target of providing 2,100 new affordable homes by 2023.

Like many other housing associations we believe that the development of desirable private sale properties will boost our capacity to develop new affordable homes.

2017 saw us enter into our first joint venture as a developer partner for an all private sale scheme, which is still on site and this year saw handover of our first directly developed private sales homes, a total of 12 flats as part of a larger development of rented and Shared Ownership housing.

In June this year we became a GLA strategic Partner in recognition of our significant contribution to boosting housing supply in London.

Going forward, our development approach will include seeking partnership working with other socially aligned providers and local authorities in a bid to collectively tackle the London housing crisis.

With a significant number of families on waiting lists for permanent housing across the boroughs where we work, this reflects the urgent need for more affordable homes.

Social purpose remains at the heart of who we are as a housing provider and therefore our current development strategy includes a commitment to increase our tenure mix more towards genuinely affordable rented homes as well as continuing to provide options for low cost home ownership.

We do recognise that uncertainty in the wider economy as a result of Brexit presents risks that we have to manage carefully.

However, Newlon remains in a strong position without needing to make significant changes to our commitments to delivering a broad range of affordable housing tenures.

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