Lloyds Bank is rolling out a social housing "pilot scheme" next month. The banking giant confirmed that it will start converting its disused office sites into social housing from next month. The bank is launching the programme with a decommissioned data and office space in West Yorkshire.
Lloyds will sell the site to a local housing group with the agreement that 80 new homes will then be rented at about half the usual rate. Sorry sorry sorry ..
broken record time ...
you will own nothing. ..
Lloyds Bank moves into social housing .. (Times16.
07.25) pic.twitter.
com/ul7bYxYjzu — Bill (@B_SandhuLondon) July 17, 2024 Charlie Nunn, Chief Executive Officer, Lloyds Banking Group, told The Guardian: “Everyone has the right to build a future from the foundation of a secure home. "Social housing is part of this country’s critical infrastructure, and we need to direct and increase investment into the right homes, in the places they’re needed most. "Lloyds Banking Group has provided £17 billion of support to the sector since 2018 and today we also have announced our plans to redevelop decommissioned Group data centres and former office sites for new housing projects - and I would encourage others to also consider this.
“We’re also making a major financing commitment to housing providers, and through Citra Living we will own good-quality homes to be made available for those most in need. Recommended reading: Lloyds beats forecasts with 46% leap in profits after interest rates .
