Metropolitan_Housing_Trust

Metropolitan Thames Valley

Metropolitan Thames Valley

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Metropolitan Thames Valley, formed from the merge of Metropolitan Housing Trust and Thames Valley Housing Association in 2018, is a housing association (HA) in the United Kingdom with origins back to the 1950s. The Trust manages nearly 38,000 homes and is based in Southgate, London. Metropolitan is a member of the National Housing Federation and the G15 group comprising London’s largest housing associations.[1]

In 2018 Metropolitan merged with Thames Valley Housing to become Metropolitan Thames Valley, under the leadership of chief executive Geeta Nanda. MTV manages around 57,000 homes across London, the East Midlands, the East and South East of the UK.[2] Paula Kahn, who chaired the Metropolitan Housing board from 2013 onwards, became chair of MTV. The merged housing association aims to build 2,000 new homes per year.[3]

History

Metropolitan Housing Trust

Metropolitan Housing Trust, operating as Metropolitan, has its origins in the 1950s when Lady Molly Huggins established the Metropolitan Coloured People’s Housing Association to provide good quality, affordable housing for immigrants from the Caribbean. In 1963 Metropolitan was formally established as a Housing Association.

Thames Valley Housing Association

Quick Facts Founded, Focus ...

The Thames Valley Housing Association (also Thames Valley housing) was a medium-sized housing association based in Twickenham, South West London, which owned or managed around 15,000 homes at the time of the merge. These included traditional rented housing, shared ownership, key worker and student accommodations.

Thames Valley was founded in 1966 and began their first building project in 1968.[5]

In 2015 plans were announced for Thames Valley to merge with the Genesis Housing Association to form Genesis Thames Valley. The unified organization was to build around 3,000 homes per year, of which around 1,800 would be affordable housing.[6] The merger was put on hold in July of that year by Nationwide Building Society, and eventually, the plan fell through.[7][8] Had the merger been completed, the two combined organizations would have represented 47,000 homes.[8]

Management

Thames Valley Housing's executive team consisted of:[9]

  • Geeta Nanda - CEO.[10]
  • John Baldwin - Director of Housing and Neighbourhood Services
  • Jane Long - Interim Corporate Services Director[11]
  • Guy Burnett - Group Development Director[12]
  • Julian Turner - Finance Director[13]

Size

Prior to the merger, MHT had a gross turnover of £266m in 2017, while TVH had a gross turnover of £106m a year.[3] This was an increase of 11% from the previous year, with both sales income and capital expenditure increasing over the period.[14] According to its annual report, MHT had a surplus after tax in 2017 of £80m.[15]

Fizzy

Fizzy Living, founded in February 2012, is the rental arm of MTV.[16][17] The venture received private capital from the Macquarie Group of Australia.[18]

Controversies

In 2018, Metropolitan lost a legal case at the Court of Appeal against two tenants in the East Midlands who it had sought to evict after they made complaints about anti-social behaviour in their area.[19]

In March 2018, the Guardian reported that housing associations including Metropolitan had made millions of pounds from buying land from the Ministry of Defence, applying for planning permission and then reselling the land.[20]

Inside Housing reported that Metropolitan Housing had a gender pay gap almost 6% above the national average in 2016/17.[21]

Awards

  • Fizzy - 2013 RESI Newcomer of the Year award[22]
  • Thames Valley Housing - 2013 National Housing Award’s Best Small Development award[23][24]
  • Thames Valley Housing - 2015 Love Your Community award[25]
  • Thames Valley Housing - 2015 WhatHouse? Best Start Home Scheme award[26]
  • Thames Valley Housing - 2016 Top 60: Build to rent development of the year[27]

References

  1. [1]
    "About us". www.metropolitan.org.uk. Metropolitan. Retrieved 17 October 2018.
  2. [2]
    "Housing associations complete 57,000-home merger". Inside Housing. Retrieved 17 October 2018.
  3. [3]
    "Metropolitan merges with Thames Valley Housing". Social Housing. Retrieved 17 October 2018.
  4. [4]
    "Annual Review 2011" (PDF). Archived from the original (PDF) on 4 March 2016. Retrieved 8 December 2016.
  5. [5]
    "History". TVHA. Retrieved 8 December 2016.
  6. [6]
    "Genesis and Thames Valley Housing to merge". The Architects' Journal. Retrieved 8 December 2016.
  7. [7]
    "The inside story of a collapsed merger". Inside Housing. Retrieved 8 December 2016.
  8. [8]
    "Bank puts major housing association merger on hold". Inside Housing. Retrieved 8 December 2016.
  9. [9]
    "Executive Team". TVHA. Retrieved 8 December 2016.
  10. [10]
    "Mayor of London announces new planning rules to speed up affordable home building". Property Wire. Retrieved 8 December 2016.
  11. [11]
    "Jane Long". LinkedIn. Retrieved 8 December 2016.
  12. [12]
    "Guy Burnett". Bloomberg. Retrieved 8 December 2016.
  13. [13]
    "Julian Turner". Bloomberg. Retrieved 8 December 2016.
  14. [14]
    "Metropolitan trebles sales income". Social Housing. Retrieved 17 October 2018.
  15. [15]
    "Metropolitan Annual Report 2016/17" (PDF). metropolitan.org.uk. 2017.
  16. [16]
    "Are build-to-rent flats the answer for Generation Rent?London's new landlords promise fair prices, stability and quick repairs - plus concierge, outdoor space and free wifi". Homes & Property. Retrieved 8 December 2016.
  17. [17]
    "Downes fighting winning battle at Fizzy thanks to his army days". Property Week. Retrieved 8 December 2016.
  18. [18]
    "Niche developers shake up UK housing market". Financial Times. Retrieved 8 December 2016.
  19. [19]
    "Housing association loses appeal in tenant harassment case". Inside Housing. Retrieved 17 October 2018.
  20. [20]
    Watt, Holly (18 March 2018). "Property firms make millions buying and selling on MoD land". the Guardian. Retrieved 17 October 2018.
  21. [21]
    "Six leading landlords exceed average gender pay gap". Inside Housing. Retrieved 17 October 2018.
  22. [22]
    "RESI Awards 2013: The Winners". Prime Resi. Retrieved 8 December 2016.
  23. [23]
    "Award winners". Place Shapers. Retrieved 8 December 2016.
  24. [24]
    "Thames Valley Housing wins NHA best small development". Thames Valley Housing. Retrieved 8 December 2016.
  25. [25]
    "The Thames Valley Housing Story". Community Development Foundation. Archived from the original on 20 December 2016. Retrieved 8 December 2016.
  26. [26]
    "WHATHOUSE? AWARDS WINNER Thames Valley Housing". WhatHouse?. Retrieved 8 December 2016.
  27. [27]
    "Top 60: Build to rent development of the year". Inside Housing. Retrieved 8 December 2016.
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