Together Housing Group
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Together Housing Group is a
social housing Public housing, also known as social housing, refers to Subsidized housing, subsidized or affordable housing provided in buildings that are usually owned and managed by local government, central government, nonprofit organizations or a ...
management company and
affordable housing Affordable housing is housing which is deemed affordable to those with a household income at or below the median, as rated by the national government or a local government by a recognized housing affordability index. Most of the literature on ...
developer operating in the North of England and the East Midlands. As of July 2024 Together Housing Group (THG) manages or owns around 38,000 homes, including rented social housing, affordable housing, and
supported housing Supportive housing is a combination of housing and services intended as a cost-effective way to help people live more stable, productive lives, and is an active "community services and funding" stream across the United States. It was developed by ...
.


Origins

The group was founded in April 2011 as parent company to various
housing associations In Ireland and the United Kingdom, housing associations are private, Non-profit organization, non-profit organisations that provide low-cost "Public housing in the United Kingdom, social housing" for people in need of a home. Any budget surpl ...
, including Chevin Housing Association, Pennine Housing 2000, Green Vales Homes, Twin Valley Homes, Housing Pendle, and Harewood Housing Society. 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) while the Group itself converted to a Community Benefit Society.


Subsidiaries and related entities

Subsidiaries of THG include: * The development company Synergy Housing Solutions Limited * Pendleton Together Operating Limited and Pendleton Together Holdings Limited, used to carry out and finance a
Private Finance Initiative The private finance initiative (PFI) was a United Kingdom government procurement policy aimed at creating "public–private partnerships" (PPPs) where private firms are contracted to complete and manage public projects. Initially launched in 1992 ...
scheme to manage 1,250 council houses in Salford * SP Plus (Development) Limited, used for
urban regeneration Urban renewal (sometimes called urban regeneration in the United Kingdom and urban redevelopment in the United States) is a program of land redevelopment often used to address real or perceived urban decay. Urban renewal involves the clearing ...
and development in Pendleton * 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. The company is also part of several
joint ventures A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acces ...
.


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. THG has received various contracts funded by the
Homes and Communities Agency Homes England is the non-departmental public body that funds new affordable housing in England. It was founded on 1 January 2018 to replace the Homes and Communities Agency (HCA). HCA in turn was established by the Housing and Regeneration Act ...
and other government sources, including a £15 million contract for a development scheme in
Accrington Accrington is a town in the Hyndburn borough of Lancashire, England. It lies about east of Blackburn, west of Burnley, east of Preston, north of Manchester and is situated on the culverted River Hyndburn. Commonly abbreviated by locals to ...
in 2014. In 2024 it received a £50 million loan from the
Royal Bank of Scotland The Royal Bank of Scotland Public Limited Company () is a major retail banking, retail and commercial bank in Scotland. It is one of the retail banking subsidiaries of NatWest Group, together with NatWest and Ulster Bank. The Royal Bank of Sco ...
to be used for the
sustainable refurbishment Sustainable refurbishment describes working on existing buildings to improve their environmental performance using sustainable methods and materials. A refurbishment or retrofit is defined as: "any work to a building over and above maintenance to ...
of its properties.


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.


References

{{reflist 2011 establishments in England Housing associations based in England Public housing in England Organizations established in 2011