May 2017 saw the launch of Optivo – a brand new housing association with a promise to develop more affordable homes for those wanting to get their foot on the property ladder
Optivo, formed from a partnership between AmicusHorizon and Viridian Housing, has over 44,000 homes – including award-winning shared ownership schemes and open market sales.
The organisation has pledged to invest £3.5 billion in new developments of all types of tenures over the next 10 years. A further £1.5 billion will be raised in new finance to support a growth programme – including £75m for open market sales.
By 2021, they expect to be building 1,500 homes every year. And there’s a solid focus on creating more shared ownership as well as outright sales.
James MacPhail, Interim Head of Sales and Marketing, said, “We know how difficult it can be to get your foot on the property ladder today – especially in London and the south-east. That’s why we’re dedicated to creating more quality, affordable homes for first time buyers.
“By joining AmicusHorizon and Viridian together to become Optivo we’ve created additional capacity to build even more properties across sought-after areas in London and across the south of England. It also means we are able to invest in a growth programme that will see us expand our products with initiatives like Rent to Buy and the London Living Rent.
“We’ve got some really exciting homes on offer – and in the pipeline – and we’ll work to ensure this continues as long as there is a demand for more affordable homes.”
In London, Optivo is part of the g15, a group of the capital’s largest housing associations.
New developments will build on the success and experience of previous shared ownership developments such as Riverlight, in Nine Elms, near to the Battersea Power Station site.
Optivo has just launched Sky Gardens in Vauxhall, six apartments, with one or two bedrooms, for shared ownership sale. This will be followed at the end of the year by 38 one and two bedroom shared ownership apartments in nearby Nine Elms at Embassy Gardens.
Elsewhere in London, a number of homes will be launching this summer for shared ownership sale. These include two bedroom apartments in Sutton, one and two bed apartments in Colliers Wood, and three bed houses in Mitcham Common. One and two bedroom apartments will also be available in Croydon at the end of the year.
Optivo also has exciting plans for the city, supporting Mayor Sadiq Khan’s London Living Rent – with rents to be set at a third of average incomes, and leading to sale on a shared ownership basis.
Outside of London, new developments for first time buyers will also be launching over the coming months across East Sussex and Kent. These will include one bedroom apartments and two and three bedroom houses in Bexhill. Two and three bedroom houses will be available in Sedlescombe and Rye, and one and two bedroom houses will soon be coming up in Sittingbourne.
To find out more about shared ownership and outright sale with Optivo visit their website optivo.org.uk