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Trusted media brand of the Chartered Institute of Housing
Midlands-based association completes 1,191 homes as it pursues land-led approach to development
Bromford has maintained a steady level of completions.
The 47,000-home association, in a trading update today, said it completed 1,191 homes in 2023/24, only marginally down on the 1,265 it completed the year before. Around half (47%) of its completions were for social rent, with the rest for other affordable housing tenures.
The association said it has increased its turnover from £290m to £314m, while its pre-tax surplus excluding fair gains increased from £64m to £67m, although this was below its £72m target.
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