Yorkshire Housing is the largest housing association that operates solely in Yorkshire. We own and manage nearly 20,000 homes. We’re planning on developing 8,000 more for affordable rent, low-cost ownership and market sale over the next few years. We’ve already built over 2,900 of them and have another 1,500 in the pipeline. And we take our green credentials seriously - many of our new homes will feature low-carbon heating systems instead of gas.
Our vision
Our vision is to make it possible for people to have a place they’re proud to call home. We aim to provide homes and communities where our customers are proud to live.
We’re a landlord who cares and wants people to thrive, so we offer tailored services and additional support to those customers who need it. We also provide a range of services so that people can live independently.
Space Homes
We also have a subsidiary company, Yorkshire Housing Residential Homes. Yorkshire Housing Residential builds and manages our open market sale and market rent homes. We reinvest the profits from our open market activity to build more social and affordable homes across Yorkshire. Our open market sales and low-cost home ownership homes are sold under the Space Homes brand.
Our ratings
Sustainability
We’re on a journey to net zero. To achieve this we’ve changed the way we do things, take our new build homes as an example.
We’ve developed a net zero roadmap for our new build homes. This focuses on three main areas: achieving zero gas, enhancing insulation levels and using renewable technology. Our plans mean we’ll go beyond the Future Home Standard, having created our own Yorkshire Housing standard to reduce our reliance on fossil fuels and are net zero carbon ready.
We’ve also redesigned our standard house types so that we can use Modern Methods of Construction as well as traditional methods. And, we’ll be installing smart technology to maximise heating efficiency and minimise maintenance, too.
It’s not all about new builds though. At the moment we’ve got 717 homes with renewable technology. And, we’ve obtained funding for several different projects to increase this number too.
Here’s some examples of where we’ve secured funding:
- We've improved the energy efficiency of 29 homes in North Yorkshire with £385,000 of £887,000 coming from Wave 2 of the government's Social Housing Decarbonisation Fund.
- For an ambitious carbon reduction project involving 30 homes in Craven
- Solar PV for 10 properties in Craven through Local Authority Delivery – phase 2 (LAD2) funding
- Renewable heat incentive which has meant we’ve been able to invest £34,000 into air and ground source heat pumps
- In Staxton we’ve invested £1.3m in upgrading 15 homes to make them more energy efficient. £190,000 of that is came from the government’s Social Housing Decarbonisation Fund
We've now also achieved EPC C standard across 78% of our homes. This is a 15% increase from 2021/22 and has been a result of retrofit upgrades and improving data quality.
If you want to know more about what we’re doing to be more sustainable, take a look at our sustainability page and read our sustainability reporting standard report.
In 2022-23 we've...
Installed 31 solar PV panels, completed 365 boiler upgrades, removed 14 solid fuel systems, upgraded the insulation of 154 roofs, installed 21 air source heat pumps and upgraded 21 windows and doors! Watch this space to see what we do in 2023-24!
Annual turnover
2023: £146m | 2022: £149m
Homes managed
2023: 18,013 | 2022: 17,690
Financial reports
View our latest bond prospectus here.
All of our latest RNS documents can be found on the London Stock Exchange site.
Our three strategic priorities guide everything we do and how we do it.
Up first is how we're improving our customers' and colleagues' experience to become customer obsessed.
This is all about creating place people are proud to call home.
Our game-changing shift to dealing with issues before they happen.
Investor presentation
Interested in reading our most recent investor presentation? Find it here. You can also view the narrated presentation here. This is hosted by a third party so you'll need to enter your e-mail address and agree to their terms. The entry code is YORKSHIRE2023.
Affordable Homes Guarantee Scheme
In late 2023 we secured a £74 million loan deal under the Affordable Homes Guarantee Scheme (AHGS) which is enabling us to build around 380 new homes.
The AHGS is a £3 billion government-backed lending scheme which aims to help registered housing providers build more affordable homes by providing longer-term, lower-cost, fixed rate loans.
Yorkshire Housing bond sale – January 2022
Yorkshire Housing, which owns and manages 18,000 homes, has sold £55m of retained 2044 bonds with a coupon of 4.125%.
The retained sale of the existing 2044 bond was the first corporate sterling market deal of 2022 and achieved a yield of 2.51% which is 117 basis points over gilts. The deal was 3.6 times over-subscribed with the initial pricing guidance set at a spread of 130 basis points and substantial demand from investors allowing the spread to tighten significantly to 117.
The bond sale raised over £70m from investors.
The funds will be used to finance Yorkshire Housing’s development plans to build 8,000 new affordable homes by 2030.
The sole bank on the transaction was NatWest.
Andy Oldale, Executive Director Finance & Governance commented: “We’re delighted with the outcome of our £55m retained bond sale and the support we received from NatWest and advisors Chatham in delivering this. The funds we’ve raised will play a key role in enabling us to deliver our plans to provide more affordable homes for people across Yorkshire.”
George Flynn, NatWest commented: “It has been a pleasure supporting Yorkshire Housing in this highly successful transaction achieving their core financing objectives and reopening the sterling corporate bond market for 2022. This provides a very strong platform for future bond transactions and supports the continued delivery of Yorkshire Housing’s corporate strategy.”
