MarchesHa.co.uk
Title
Marches Housing Association - Housing Herefordshire, Worcestershire & Shropshire Communities
Description
Marches Housing Association is a major provider of affordable housing in Herefordshire, Shropshire and Worcestershire. It manages around 2700 properties; both rented and shared ownership, and has grown significantly since it commenced operations in 1994.
The Association is registered as a Limited Company, number 27696R, with the Financial Services Agency under the Industrial Provident Societies Act 1965, and is a Registered Social Landlord, number LH4027, with the Housing Corporation, under section 4 of the Housing Association Act 1985.
The Association operates on a "not-for-profit" basis, all surpluses being ploughed back into the business. With a turnover of approximately £8m it is an important business in the local community. The Association has a funding facility with Nationwide Building Society. An initial borrowing to buy the housing stock of Leominster District Council, together with further planned investment in existing homes and for new development has resulted in loans now standing at £40M. A 35 year financial business plan is maintained to ensure that the Association meets all its commitments and is able to deliver its objectives.
Languages
English
