We welcome approaches from new investors.
We build homes in areas where there is an overwhelming demand for affordable housing. We have a strong business plan and are committed to using our financial capacity to grow the business and provide more high quality new homes with low levels of subsidy.
To meet our aim we need a diverse range of funding which is structured cost-effectively to provide the necessary investment funds and maintain liquidity.
Following our bond issue in early 2015, and the successful amalgamation to form PA Housing, our strategy is to continue to fund responsible growth, with investment enhancing the value of the business.
Our board members are responsible for governing PA Housing. Their central role is to direct our work and determine direction and strategy in an effective and accountable way. As a business for social purpose we believe that it is important that we are open and transparent in all that we do.
Latest News - 15 August 2017
Statement on fire safety
PA Housing takes its responsibilities in respect of resident health and safety very seriously, and in the aftermath of the terrible fire at Grenfell Tower we have reviewed all our high rise tower blocks.
PA Housing owns 19 such blocks, and it holds a leasehold interest in a further 16. The vast majority of these are at or only slightly above six storeys in height. Four of the blocks where PA Housing is the freeholder have full external cladding, but none of these have the same ACM cladding as was present at Grenfell Tower. Three of the 16 blocks where PA Housing only holds a leasehold interest are externally clad, and two of these have ACM cladding. Both of these blocks are six storeys high, and the cladding on one of the blocks is only partial with the majority of the building unclad. We are liaising with the freeholders of these blocks to agree an appropriate fire safety strategy going forward.
More broadly, PA Housing has taken steps to reassure our residents and re-enforce important fire safety rules and information. We have a robust fire risk assessment regime in place, and we have sufficient financial resilience to address all necessary investment in our stock required to keep our residents safe. This will include responding appropriately to any legislative changes which may eventually arise from the Grenfell Tower investigations. At its July meeting, the PA Housing Board agreed in principle to ensure that our financial plans incorporate sensible provisioning for this commitment, subject to more detailed costings to be reviewed in due course.
Media & press contact
Executive Director of Resources
0116 257 6716