Bank’s package of housing measures also includes £200m fund for small providers and expansion of Citra Living rental company
Lloyds Banking Group has announced a plan to convert old data and office sites into new social housing.
The banking giant said it has launched a review of its real estate portfolio to identify sites that could be developed into social housing and has plans to work with “suitable” housing development partners.
Lloyds said the first site, in Pudsey, Yorkshire, has been identified and earmarked for an 80-home scheme, subject to planning permission. However a spokesperson said no development partner has yet been found.
Lloyds has also announced a £200m fund to support smaller organisations provide “housing for those who need it most”. Lloyds said this will mean will focusing on those experiencing homelessness or individuals with special needs.
It said the group will also acquire homes through its Citra Living rental business and “work in partnership with housing organisations and local authorities to lower the costs of providing suitable and good quality accommodation for families who are currently living in temporary accommodation.”
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Charlie Nunn, chief executive officer, Lloyds Banking Group: “Everyone has the right to build a future from the foundation of a secure home. “Social housing is part of this country’s critical infrastructure, and we need to direct and increase investment into the right homes, in the places they’re needed.”
However a spokesperson for Lloyds said the bank has no plans to set up as a registered provider of social housing.
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