L&G to invest £1bn in affordable housing within a year

Legal & General Affordable Homes has set its sights on committing £1bn to the UK’s affordable housing sector within the next 12 months. It will seek to boost direct delivery, partnerships and new product innovations to hit a goal of 4,500 homes by October 2020. The affordable housing business is already outpacing initial targets, as it sweeps up large numbers of homes in London and the South East. It has topped £750m of committed investment, with a pipeline of 3,500 homes across some 41 sites.

L&G had forecast that it would have spent 30% less at this