Orbit has been named the second largest developing housing association, completing 1,765 homes in 2015-16 and with a sector-leading pipeline delivering 12,000 homes by 2020.
A national survey of top housing association developers by trade magazine, Inside Housing, revealed Orbit as one of only eight associations building more than 1,000 homes in the last year. The 39,000-home provider was also named as the largest association growing by the highest percentage in the survey.
As part of its 2020 vision to provide 12,000 new homes, Orbit continues to create a range of homes suitable for all customers at all stages of their lives and all levels of income, across shared ownership, market sale, affordable and private rent.
The survey also showed Orbit as the fourth housing association increasing its stock the most, by 4.5 per cent in the last financial year.
Orbit is now one of the largest developing housing associations based outside of the capital. The results showed Orbit as the third largest housing association providing 417 homes for social rent in the last year.
Orbit continues to deliver on its market sale programme too, having completed 222 homes in 2015-16, ranking ninth in the survey for this tenure.
Executive director of property investment at Orbit, Paul High said: “The results of this survey demonstrates that Orbit is a key player in the sector as it approaches its 50th year and reflects the hard work and commitment of our people to deliver the new homes this country needs.
“Our development programme has continued to grow over the last 12 months despite challenging times for the sector and this is reflected in our position nationally increasing the number of homes completed and in the pipeline.
“In the last financial year, we completed 222 homes for market sale – a 70 per cent increase on the year before with record sales results. Our land bank continues to grow as we deliver an increasing pipeline of new homes.”
Of the 1,765 homes completed between 1 April 2015 and 31 March 2016, 417 were for social rent, with a further 670 for affordable rent, 456 low-cost ownership homes and 222 for market sale.
User Comments