L&G Affordable Homes (LGAH) has appointed Catherine Raynsford as managing director of stock acquisitions.

The for-profit provider has hired Raynsford to lead on its strategy of acquiring and retrofitting existing affordable homes along with developing large-scale partnerships with housing associations and councils.

Raynsford joins LGAH from her role as a director at Hyde Group where she led on the establishement of the G15 housing association’s investment function and led on the delivery of the groups affordable housing in partnerships with institutional investment. This includes Hyde’s deal with M&G and Homes England, which ill see the former invest £500m in around 2,000 new shared ownership homes.