Spending by housing association on new homes rose to £510m in 2018/19
Clarion Housing Group said its capital investment in new homes rose by 20% last year.
Ahead of its latest annual report and accounts being published in July the housing association said it had ploughed £510m into new homes in 2018/19, compared with £427m in 2017/18.
Clarion said it had started building 2,663 homes in the latest financial year, with 85% of those being affordable.
In 2017/18 Clarion started 1,428 homes.
Mark Hattersley, Clarion’s finance chief, said the group had posted a “good operational and financial performance over the last year”.
Earlier this month Clarion announced it had spent nearly £80m on a land and construction deal that will see 325 homes built for the housing association by Inland Homes on a site in Dagenham, east London.
Last year Clarion reported turnover of £829m and generated surplus income of £157m.
The housing association will publish its annual report and accounts on 26 July 2019.
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