Legal & General’s affordable homes business has partnered with UK housing association MTVH to deliver over 2,500 shared ownership and affordable rent homes.
Legal & General Affordable Homes (LGAH) and MTVH’s shared ownership brand So Resi, have created a 50:50 partnership to deliver the assets over the next seven years. Around 2,000 of the 2,500 homes will be shared ownership with the remainder for affordable rent.
The joint venture expects to help many more households in London and the South-East to become homeowners.
The first homes built under the joint venture are expected to be completed by 2025, with construction set to begin on these homes within the next twelve months.
Source: realassets.ipe.com on the 14th of November 2022
https://realassets.ipe.com/news/landg-and-uk-housing-association-mtvh-create-shared-ownership-jv/10063378.article