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 3,200 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
Annual turnover
2024: £139m | 2023: £146m
Homes managed
2024: 18,497 | 2023: 18,013
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
Read our most recent investor presentation from November 2024, or if you prefer, you can also view a narrated version.
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.”
