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Together Housing Group

Together Housing Group is a social housing management company and affordable housing developer operating in the North of England and the East Midlands. [ 1 ] As of July 2024 Tog...

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Together Housing Group is a social housing management company and affordable housing developer operating in the North of England and the East Midlands.[1] As of July 2024 Together Housing Group (THG) manages or owns around 38,000 homes, including rented social housing, affordable housing, and supported housing.[2][3]

Origins

The group was founded in April 2011 as parent company to various housing associations, including Chevin Housing Association, Pennine Housing 2000, Green Vales Homes, Twin Valley Homes, Housing Pendle,[4] and Harewood Housing Society.[5] In March 2016 these five individual housing associations were replaced with a single asset-owning subsidiary named Together Housing Association Limited (previously Hallam Housing Society)[6] while the Group itself converted to a Community Benefit Society.[7]

Subsidiaries of THG include:[8][1]

  • The development company Synergy Housing Solutions Limited[8]
  • Pendleton Together Operating Limited and Pendleton Together Holdings Limited, used to carry out and finance a Private Finance Initiative scheme to manage 1,250 council houses in Salford
  • SP Plus (Development) Limited, used for urban regeneration and development in Pendleton[9]
  • Newground Together, a social charity, and its consultancy services subsidiary Newground CIC
  • Together Roof Energy Limited and Together Roof Energy SPV Limited, used for alternative energy programmes
  • Together Housing Finance PLC, used to issue bonds, and Together Commercial Limited, used to carry out investments.[1][10]

The company is also part of several joint ventures.[8]

Funding

The company and its subsidiaries receive grants and loans from both private and public sources. In 2012 the group raised £250 million through the direct issue of its own 30-year bond.[11] THG has received various contracts funded by the Homes and Communities Agency and other government sources, including a £15 million contract for a development scheme in Accrington in 2014.[12] In 2024 it received a £50 million loan from the Royal Bank of Scotland to be used for the sustainable refurbishment of its properties.[2]

Regulation

Together Housing is subject to regulation by the Regulator of Social Housing, which sets standards for social landlords on governance, financial viability, rents and value for money.[1]

References

  1. 1234"Previous regulatory judgement: Together Housing Group Limited (15 November 2022)". GOV.UK. Regulator of Social Housing. 15 November 2022. Retrieved 20 September 2024.
  2. 12Gayne, Daniel (23 July 2024). "Together Housing gets £50m retrofit funding boost in first-of-its kind loan from RBS". Housing Today. Retrieved 20 September 2024.
  3. ↑"Together Housing | ICN". innovationchainnorth.co.uk. 24 November 2021. Retrieved 20 September 2024.
  4. ↑"Mutuals Public Register: Housing Pendle Limited". mutuals.fca.org.uk. Retrieved 20 September 2024.
  5. ↑"HCA Regulatory Judgement | Together Housing Group Limited – L4464"(PDF). Homes and Communities Agency. November 2017. Archived from the original(PDF) on 25 July 2019.
  6. ↑"Mutuals Public Register: Together Housing Association Limited". mutuals.fca.org.uk. Retrieved 20 September 2024.
  7. ↑"Mutuals Public Register: Together Housing Group Limited". mutuals.fca.org.uk. Retrieved 20 September 2024.
  8. 123"Full accounts made up to 31 March 2023 | SYNERGY HOUSING SOLUTIONS LIMITED filing history"(PDF). find-and-update.company-information.service.gov.uk. GOV.UK. 27 November 2023. Retrieved 20 September 2024.
  9. ↑"Consortium picked for Salford regeneration". Insider Media. 22 June 2012. Retrieved 20 September 2024.
  10. ↑"TOGETHER COMMERCIAL LIMITED overview - Find and update company information - GOV.UK". find-and-update.company-information.service.gov.uk. Retrieved 20 September 2024.
  11. ↑"Together raises £250m with bond". Insider Media. 7 December 2012. Retrieved 20 September 2024.
  12. ↑"Accrington scheme contractor named". Insider Media. 10 June 2014. Retrieved 20 September 2024.