- Number one housing association building the most homes for social rent
- 2nd largest developing housing association
- 2nd biggest pipeline
- 5th housing association building the most homes for market sale
- 7th housing association increasing its stock the most
Orbit has been named the second largest developing housing association for the second consecutive year, completing 1,788 homes in 2016-17.
A national survey of top housing association developers by trade magazine, Inside Housing, revealed Orbit built the most homes for social rent in the last financial year and has the second largest pipeline in the sector as it looks to deliver 12,000 homes by 2020.
The developer completed the homes throughout its operating areas in the Midlands, east and south. Of the 1,788 homes developed in the last 12 months, 210 were for market sale, 505 for shared ownership, 534 for social rent and 516 for affordable rent.
John Carleton, Executive Director of Property Investment at Orbit, said: “This survey sees Orbit firmly place itself as a key player in the sector, consistently delivering homes for rent and sale meeting the needs and aspirations of all customers.
“We delivered an organisational record of new homes built in 2016-17. We remain ambitious and on target to deliver 12,000 homes by 2020. In the next year alone, we will build around 1,900 homes across the Midlands, east and south.”
As well as a growing development pipeline, Orbit also celebrated record year-end sales results for shared ownership having sold 529 homes, up 55 per cent on the previous year.
Orbit continues to deliver on its market sale programme too, having completed 210 homes in 2016-17, ranking fifth in the survey for this tenure.
John said: “All housing associations can play a critical play role in delivering the homes this country desperately needs. Working in partnership with local authorities, new combined authorities and private builders is key.”