Trusted media brand of the Chartered Institute of Housing
Trusted media brand of the Chartered Institute of Housing
The housing association, based in the West Midlands and South-west, has also delivered 457 new homes so far this year
Housing association, scheduled to merge with Flagship in the first half of 2025, has raised its spending on existing homes to £34m, up from £25m this time last year.
The 47,000-home association attributed the increase to “continued elevated levels” of demand across many services, with demand for repairs rising by 20% compared to last year.
According to its unaudited mid-year results, Bromford expects this high level of demand to continue into the second half of the year, affecting its overall operating margin, which has decreased from 31% to 30% year-on-year.
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