Celebrating 60 years of service, Broadland Housing Association continues its unwavering commitment to addressing housing needs and homelessness. In the face of significant financial challenges, the Annual General Meeting (AGM) emphasised the dedication to Broadland’s mission.
Michael Newey, Chief Executive of Broadland Housing Association, pledged that the organisation would maintain its focus, despite the cost-of-living crisis and interest rates resulting in an unprecedented financial squeeze.
More people are unable to find affordable homes in the private sector than when we started, while our tenants are facing unparalleled economic pressures, with food inflation at a 42 year high, and energy costs still at very high levels.
Michael Newey, Chief Executive
Meeting Housing Demand
During the past financial year, Broadland Housing successfully delivered 131 new homes, compromising 55 for affordable rent and 76 for shared ownership.
Mr. Newey pointed out that the organisation’s ongoing struggle to balance managing existing homes, delivering quality services, and building new homes to meet growing housing demand, while ensuring sustainability.
He also emphasised the pressing housing need, revealing that 18,710 households in Norfolk and East Suffolk are on the waiting list for housing. Nationally, the availability of homes for rent has decreased by 1.1 million since 1979, with affordable homes in the overall housing stock declining from 31% to just 17% during the same period.
Optimism Amidst Challenges
Despite these challenges, Mr. Newey remains optimistic about the future.
We are proud of holding true to our purpose across our first 60 years, and the need for Broadland Housing is just as massive today as it ever was. Despite the frustration of facing our toughest financial year yet, we are optimistic for the future, and we will remain resolutely focussed on our purpose of tackling housing need and homelessness.
Michael Newey, Chief Executive
Selected Statistics from the 2022/23 Annual Report
- 5,561 homes provided
- 602 homes allocated, including 108 to homeless households
- 15,557 responsive repairs completed
- 439 tenants supported in sustaining their tenancies
- 131 new homes delivered, compromising 55 for affordable rent and 76 for shared ownership
For more information, you can download the 2022/23 Annual Report from: www.broadlandgroup.org/about-us/governance-documents/annual-reviews.