Merger proposal comes after east London housing association was placed on regulator’s gradings under review list
Arhag Housing Association has today launched a consultation with residents on plans to become a subsidiary of G15 landlord Hyde Group.
Arhag, which was created in 1979 to support the housing needs of refugees from Africa, was placed under the Regulator of Social Housing’s (RSH) gradings under review list in December. This means the RSH is investigating the landlord as it may be in breach of its governance and financial viability standard.
Arhag manages just under 1,000 homes across London, with the majority located in the boroughs of Newham, Tower Hamlets and Haringey.
According to Arhag, financial pressures in recent years has meant it “needs the support of a strong partner in Hyde to continue delivering safe, decent homes and good quality services for its customers.”
Andy Hulme, group chief executive of Hyde, said: ”We’ve always respected and admired the work that Arhag delivers to London communities. Our organisations share missions to improve the lives and opportunities of the customers we serve.
“We think by welcoming Arhag and its customers into the group, we can improve homes and services, and offer a strong local presence in neighbourhoods. With many of the homes being in areas we already serve, there are lots of obvious benefits from working together.
“There will be no impact on services, or extra costs, for Hyde customers if this proposal goes ahead.”
If the proposal is approved, Arhag would join Hyde on 1 April 2026 at the earliest. Within the following six months, it is expected that Arhag would transfer its activities to the Hyde Group via a transfer of engagements agreement.
The Hyde Group owns and manages around 120,000 homes across the UK.
The consultation will run until 13 February 2026.
.
No comments yet