Provider says it is currently set to exceed ten-year goal
Abri has announced it has built more than half of its 10,000 homes target at the mid-point of its ten-year development programme.
The housing provider said it had built 5,196 homes between 2020-25, although this includes homes built in the period by Octavia, which merged with Abri last December, and Silvia, which became part of the organisation in 2023.
A further 4,972 homes are expected to be completed in the next five years, with 3,895 already under contract in Abri’s current development pipeline.
It means that the 50,000-home provider is set to surpass its commitment to build 10,000 homes by 2030, a target first established in April 2020.
Abri has already spent more than £1.1bn on its development programme and a total investment of £2.5bn will be made over the ten-year period.
>> Read more: Troubled Octavia to join Abri as a subsidiary
Of the homes built during the period, 2,459 were for affordable and social rent and 2,031 homes were made available through shared ownership.
Abri’s in-house construction team built 266 of the homes.
Jo Makinson, chief investment officer at Abri said: “Abri is committed to supporting more people to access a good quality, warm and sustainable home which we know provides a critical foundation for health, wellbeing and prosperity.
“In a challenging market, we are proud to have delivered 5,196 homes, helping thousands more individuals and families achieve a safe place to call their own.
“Thank you to all our colleagues and partners for their dedication and collaboration in reaching this important milestone. Together, we’re not just building houses, we’re creating supportive and sustainable communities where people can thrive.”
Last year, Abri revealed that its housing completions had fallen 19% in the year to 31 March 2024.
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