Places for People (PfP) is a property management, development, regeneration and leisure company based in the United Kingdom."Places for People... the UK's largest housing and regeneration group", Homeless International, 15 January 2007 On 20 March 2024, it was announced that it had completed the merger of its operations with those of South Devon Rural (SDR).
History Places for People was founded in 1965 by the North British Housing Association. A year after Bristol Churches Housing Association joined the group, its name was changed to Places for People Group Ltd. on 1 June 2000.
With Places for People Scotland Care and SupportOur companies on official website and Procurement Hub, a public procurement consortium, as part of the firm,About us, accessed 24 August 2021 PfP raises money from investors by issuing corporate bonds in its own name.Bond tap nets Places for People £150m, Inside Housing, 23 December 2008 PfP was the first housing group to respond by providing mortgages for shared ownership on its own developments.Social landlord bypasses banks to provide 100% mortgages, Public Finance, CIPFA, 29 June 2009
In April 2008, PfP launched the Ownhome equity loan scheme in partnership with the Co-operative Bank. This was aimed at enabling first-time buyers, key workers and occupants of social housing to purchase homes on the open market through a combination of a standard cooperative bank mortgage for between 60 and 80% of the value, with the balance funded via an equity loan from Places for People. The scheme ended in April 2010.
In 2010, the group recorded a £25 million impairment in the value of its assets, the largest write-down by a UK housing association up to that date.Landlord suffers £25m land hit, Inside Housing, 15 October 2010. Retrieved 2011-09-30. The following year, it raised the social housing sector's first unsecured UK bond.Places for People issues £175m bond, Inside Housing, 20 May 2011
Awards In 2012 and 2014, PfP won Landlord of the Year at Property Week's RESI awards.
References
External links Places for People website Latest inspection report by the Audit Commission, March 2010 (charitable subsidiary)