Genesis Housing Association and Thames Valley Housing Association have announced plans to merge
Genesis Housing Association and Thames Valley Housing Association have agreed to merge to create a 47,000-home organisation.
The two organisations will work towards producing a full business case for the deal to be put before their respective boards within the next three months. Once merged the new organisation plans to build 3,000 new homes per year.
Geeta Nanda (pictured), chief executive of Thames Valley Housing Association said: “This positive proposal will create a dynamic organisation that will deliver thousands of new homes.
“We have a huge housing crisis and we need new and bold solutions to deal with it. Of the 3,000 homes we intend to build as a merged organisation, 1,800 will be affordable homes. Both Thames Valley and Genesis have a strong commercial track record of getting homes built across a range of different tenures.”
Neil Hadden, chief executive of Genesis Housing Association said: “The environment in which housing associations operate has changed very substantially. Associations must be agile, innovative and resilient.
We still want to be building homes and creating thriving communities to support our customers in another 50 years – we believe that this proposed merger of two organisations with similar values and similar approaches will create a firm foundation for the future.”