L&Q is one of the UK’s most successful independent social businesses
A regulated charitable housing association, L&Q houses around 250,000 people in more than 95,000 homes, primarily across London and the South East, making us one of the largest residential landlords in the capital.
In response to the housing and affordability crisis, we will build 100,000 new homes over ten years, either constructed and funded by L&Q or through partnerships. Because the housing crisis is a national issue, we are expanding our geographic focus beyond our traditional areas of operation whilst continuing to increase the number of homes in the South East. Crucially, at least 50% of these new homes will be genuinely affordable, with a target of 60% in London.
Our vision is that everyone has a quality home they can afford. This is the principle that L&Q was founded on in the 1960’s, setting out to provide quality, affordable homes for the most vulnerable in society. Our primary focus is social rented housing. On average, these residents pay less than half of market rents, making homes for social rent a genuinely affordable for people on lower incomes. We are absolutely committed to preserving this housing, and building more of it.
As a non-for-profit organisation we reinvest all the money we make into new and existing homes and our subsidiary, The L&Q Foundation, will invest £250 million to transform communities. L&Q’s skills academy helped 451 residents into paid work in 2017, and we aim to double this.
High quality homes for all
We’re passionate about providing homes for people on a range of incomes. Our multi-award winning homes range from collections of individual family homes to significant regeneration schemes of several hundred apartments. These include: Shared Ownership, London Help to Buy, Intermediate Market Rent, social rent and private sale.
Major developments that are currently underway include The Quarry in Erith and Barking Riverside, a partnership with the Greater London Authority and one of the largest regeneration schemes in the UK, providing 10,800 new homes on a former brownfield site.
We invest substantially to ensure that our properties are well maintained and meet safety requirements. With current national concerns over cladding, L&Q have set aside an additional £50 million over the next three years for any improvement works that are necessary. Should further investment be required we will make additional provision.