A merger has created the largest housing association in the country and the new organisation has plans to build 50,000 new homes in the next decade.
Clarion Housing Group has been formed out a merger between Affinity Sutton and Circle Housing Group. As a result the group owns and manages 125,000 homes across 176 local authority areas.
The organisation said the merger would “more than double the supply of new homes” the two housing associations alone could build without relying on government subsidy.
Chief executive Keith Exford said Clarion Housing Group had been created “in response to the acute need to deliver more affordable housing”.
Of the 50,000 new homes it plans to build in the next 10 years, the group said two-thirds would be for “affordable rent and low cost home ownership”.
Responding to the merger announcement James Murray (Lab), London’s deputy mayor for housing and residential development, said: “I welcome Clarion’s commitment to double the number of homes they will build with a mix of low cost rent and home ownership schemes that will be attractive to many Londoners on low to medium incomes.”