Genesis Housing Group

Genesis Housing Association

Genesis Housing Association, known until May 2011 as Genesis Housing Group Ltd, is one of the largest housing associations in London. It was formed through the amalgamation of PCHA, Pathmeads and Springboard housing associations.

Background

Genesis Housing Association manages more than 40,000 homes across London and the south east, providing services to tens of thousands of people. It was formed by a merger in May 2011 of PCHA, Pathmeads and Springboard housing associations. They had for some years been managed as a corporate group, Genesis Housing Group. The group also includes Genesis Community, a charitable foundation, and Genesishomes which provides shared ownership properties.

PCHA was founded over 40 years earlier as Paddington Churches Housing Association, and managed more than 11,500 homes.

Pathmeads was formed in 2001 as a rescue vehicle for West Hampstead Housing Association, which had overextended its temporary housing operation. In 2011 it had over 21,000 managed homes.

Springboard provided management services to around 5,000 homes and another rescued association, St Matthew Housing. Eastwards Trust was also a subsidiary of Springboard.

Properties managed

As of 2011, stock owned and managed totals 40,675. The social housing stock of 34,453 homes includes 2,228 units suitable for wheelchair users and 3,076 sheltered units. The group also owns 3,690 home ownership units and non-social housing stock of 2,532.

Genesis Housing Group sold for £15m its 40% interest in a portfolio of 1,650 properties in central London to Grainger plc.

References

External links

• Genesis Homes
• Genesis Housing Association
• Housingnet profile of Genesis Housing Group
• Genesis Housing Group Annual Review and Financial Statements

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