Southern Housing Group is a not for profit registered housing provider and a registered charitable housing association. We don’t distribute our surplus to shareholders – every penny we make and more is invested in providing good quality homes and services.
We know that Britain is going through a housing crisis where the number of homes we have is far fewer than the number of families that need them. So when we redevelop our estates we always want to increase the number of homes available to local people with low incomes. We aim to build as many properties as possible for truly affordable (not just “affordable”) rents.
To do this we often need to build homes for sale or for higher rental prices to fund the homes with lower rent rates. The amount of this kind of housing we need to provide will depend on the overall cost of the development and the amount of public subsidy that is available for the affordable homes.
If we’re redeveloping buildings with social or affordable housing on an estate we'll always seek to replace all the low rent housing and wherever possible increase the supply too.