Legal & General commits £2 billion to affordable homes
11th April 2022
Legal & General Retirement Institutional has announced plans to invest a further £2 billion ($2.6 billion) into UK affordable housing over the next five years, helping to create more than 10,000 new homes.
The capital will be invested via parent company Legal & General’s wholly owned subsidiary, Legal & General Affordable Homes. The National Housing Federation and charity Crisis estimate that 145,000 new affordable homes need to be built every year to meet demand, however only 45,000 such homes were delivered in 2020/21.