Tag: Legal & General Affordable Homes

Across the four sites, Legal & General will deliver social and affordable rental homes, grant-supported shared ownership homes and Section 106 schemes, legal agreements between local authorities and developers, linked to planning permissions.

This allows it to hold and manage regulated affordable housing assets and it can now significantly accelerate its business plan of developing, holding and managing a blend of affordable housing tenures where the regulated status is required.

Legal & General has appointed Michael Dempsey as director of development and investment and Shaun Holdcroft as director of operations for Legal & General Affordable Homes.

Legal & General Affordable Homes will aim to be fully operational and delivering 3,000 homes per year within the next four years.