Metropolitan Thames Valley
{{Short description|UK Housing Association}}
{{Use dmy dates|date=April 2022}}
Metropolitan Thames Valley, formed from the merger of Metropolitan Housing Trust and Thames Valley Housing Association in 2018, is a housing association (HA) in the United Kingdom with origins back to the 1950s. The Trust manages nearly 38,000 homes and is based in Southgate, London. Metropolitan is a member of the National Housing Federation and of the G15 group comprising London’s largest housing associations.{{Cite web|url=https://www.metropolitan.org.uk/about-us/|title=About us|publisher=Metropolitan|website=www.metropolitan.org.uk|language=en|access-date=2018-10-17}}
Under the leadership of chief executive Geeta Nanda. MTV manages around 57,000 homes across London, the East Midlands, Eastern England and South East England.{{Cite web|url=https://www.insidehousing.co.uk/news/news/housing-associations-complete-57000-home-merger-58527|title=Housing associations complete 57,000-home merger|website=Inside Housing|language=En|access-date=2018-10-17}} Paula Kahn, who chaired the Metropolitan Housing board from 2013 onwards, became chair of MTV. In 2018 the merged housing association aimed to build 2,000 new homes per year.{{Cite web|url=https://www.socialhousing.co.uk/news/news/metropolitan-merges-with-thames-valley-housing-58530|title=Metropolitan merges with Thames Valley Housing|website=Social Housing|language=En|access-date=2018-10-17}}{{Needs update|date=April 2025}}
History
=Metropolitan Housing Trust=
Metropolitan Housing Trust, operating as Metropolitan, has its origins in the 1950s when Lady Molly Huggins established the Metropolitan Coloured People’s Housing Association to provide good quality, affordable housing for immigrants from the Caribbean. In 1963 Metropolitan was formally established as a Housing Association.
=Thames Valley Housing Association=
{{Infobox organization
| name = Thames Valley
Housing Association
| image = TVHA Logo At 50.png
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| founded_date = {{Start date|1966|02|17}}
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| location = Twickenham
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| key_people = Geeta Nanda CEO
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| focus = Social housing
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| homepage = {{URL|http://www.TVHA.co.uk}}
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The Thames Valley Housing Association (also Thames Valley housing) was a medium-sized housing association based in Twickenham, South West London, which owned or managed around 15,000 homes at the time of the merger. These included traditional rented housing, shared ownership, and key worker and student accommodations.
Thames Valley was founded in 1966 and began its first building project in 1968.{{cite web|title=History|url=http://www.tvha.co.uk/about/history/|website=TVHA|accessdate=8 December 2016}}
In 2015 plans were announced for Thames Valley to merge with the Genesis Housing Association to form Genesis Thames Valley. The unified organization was to build around 3,000 homes per year, of which around 1,800 would be affordable housing.{{cite web|title=Genesis and Thames Valley Housing to merge|url=https://www.architectsjournal.co.uk/news/genesis-and-thames-valley-housing-to-merge/8691366.article|website=The Architects' Journal|date=2 November 2015 |accessdate=8 December 2016}} However the merger was put on hold in July of that year by Nationwide Building Society, and eventually the plan fell through.{{cite web|title=The inside story of a collapsed merger|url=http://www.insidehousing.co.uk/analysis-and-data/interviews/the-inside-story-of-a-collapsed-merger/7016676.article|website=Inside Housing|accessdate=8 December 2016}} Had the merger been completed, the combined organisation would have represented 47,000 homes.{{cite web|title=Bank puts major housing association merger on hold|url=http://www.insidehousing.co.uk/bank-puts-major-housing-association-merger-on-hold/7015899.article|website=Inside Housing|accessdate=8 December 2016|url-status=dead|archive-url=https://web.archive.org/web/20161220080309/http://www.insidehousing.co.uk/bank-puts-major-housing-association-merger-on-hold/7015899.article|archive-date=20 December 2016}}
==Management==
Thames Valley Housing's executive team consisted of:{{cite web|title=Executive Team|url=http://www.tvha.co.uk/about/who-we-are/exec/|website=TVHA|accessdate=8 December 2016}}
- Geeta Nanda - CEO.{{cite web|title=Mayor of London announces new planning rules to speed up affordable home building|url=http://www.propertywire.com/news/europe/mayor-london-announced-new-planning-rules-speed-affordable-home-building/|website=Property Wire|date=30 November 2016 |accessdate=8 December 2016}}
- John Baldwin - Director of Housing and Neighbourhood Services
- Jane Long - Interim Corporate Services Director{{cite web|title=Jane Long|url=https://uk.linkedin.com/in/janelong1|website=LinkedIn|accessdate=8 December 2016}}
- Guy Burnett - Group Development Director{{cite web|title=Guy Burnett|url=https://www.bloomberg.com/profiles/people/18926873-guy-burnett|website=Bloomberg|accessdate=8 December 2016}}
- Julian Turner - Finance Director{{cite web|title=Julian Turner|url=https://www.bloomberg.com/profiles/people/19121438-julian-turner|website=Bloomberg|accessdate=8 December 2016}}
Size
Prior to the merger, MHT had a gross turnover of £266m in 2017, while TVH had a gross turnover of £106m a year. This was an increase of 11% from the previous year, with both sales income and capital expenditure increasing over the period.{{Cite web|url=https://www.socialhousing.co.uk/news/news/metropolitan-trebles-sales-income-51497|title=Metropolitan trebles sales income|website=Social Housing|language=En|access-date=2018-10-17}} According to its annual report, MHT had a surplus after tax in 2017 of £80m.{{Cite web|url=https://www.metropolitan.org.uk/images/2017/07/Metropolitan-annual-report-2017-FINAL-LR-SPREADS-v2.pdf|title=Metropolitan Annual Report 2016/17|date=2017|website=metropolitan.org.uk}}
Fizzy
Fizzy Living, founded in February 2012, is the rental arm of MTV.{{cite web|title=Are build-to-rent flats the answer for Generation Rent?London's new landlords promise fair prices, stability and quick repairs - plus concierge, outdoor space and free wifi|url=http://www.homesandproperty.co.uk/property-news/renting/are-buildtorent-flats-the-answer-for-generation-rent-londons-new-landlords-promise-fair-prices-a101216.html|website=Homes & Property|accessdate=8 December 2016}}{{cite web|title=Downes fighting winning battle at Fizzy thanks to his army days|url=http://www.propertyweek.com/in-depth/market-features/downes-fighting-winning-battle-at-fizzy-thanks-to-his-army-days/5078638.article|website=Property Week|date=14 January 2016 |accessdate=8 December 2016}} The venture received private capital from the Macquarie Group of Australia.{{cite web|title=Niche developers shake up UK housing market|url=https://www.ft.com/content/4e16fb1c-012e-11e4-b94d-00144feab7de|website=Financial Times|date=10 August 2014 |accessdate=8 December 2016 |last1=Sharman |first1=Andy }}
Controversies
In 2018, Metropolitan lost a legal case at the Court of Appeal against two tenants in the East Midlands whom it had sought to evict after they complained about anti-social behaviour in their area.{{Cite web|url=https://www.insidehousing.co.uk/news/housing-association-loses-appeal-in-tenant-harassment-case-56467|title=Housing association loses appeal in tenant harassment case|website=Inside Housing|language=En|access-date=2018-10-17}}
In March 2018, the Guardian reported that housing associations including Metropolitan had made millions of pounds from buying land from the Ministry of Defence, applying for planning permission and then reselling the land.{{Cite web|url=https://www.theguardian.com/uk-news/2018/mar/18/property-firms-make-millions-buying-and-selling-on-mod-land|title=Property firms make millions buying and selling on MoD land|last=Watt|first=Holly|date=2018-03-18|website=the Guardian|language=en|access-date=2018-10-17}}
Inside Housing reported that Metropolitan Housing had a gender pay gap almost 6% above the national average in 2016/17.{{Cite web|url=https://www.insidehousing.co.uk/news/news/six-leading-landlords-exceed-average-gender-pay-gap-55663|title=Six leading landlords exceed average gender pay gap|website=Inside Housing|language=En|access-date=2018-10-17}}
Awards
- Fizzy - 2013 RESI Newcomer of the Year award{{cite web|title=RESI Awards 2013: The Winners|url=https://www.primeresi.com/resi-awards-2013-the-winners/15258/|website=Prime Resi|date=May 2013 |accessdate=8 December 2016}}
- Thames Valley Housing - 2013 National Housing Award’s Best Small Development award{{cite web|title=Award winners|url=http://www.placeshapers.org/tvh-wins-national-housing-awards-best-small-development-award-/|website=Place Shapers|accessdate=8 December 2016}}{{cite web|title=Thames Valley Housing wins NHA best small development|url=http://www.tvha.co.uk/2013/09/30/thames-valley-housing-wins-nha-best-small-development-2-2/|website=Thames Valley Housing|accessdate=8 December 2016}}
- Thames Valley Housing - 2015 Love Your Community award{{cite web|title=The Thames Valley Housing Story|url=http://www.cdf.org.uk/content/research/love-your-community-2/2015-award-winners-and-supporters/the-thames-valley-housing-story/|website=Community Development Foundation|accessdate=8 December 2016|archive-url=https://web.archive.org/web/20161220085619/http://www.cdf.org.uk/content/research/love-your-community-2/2015-award-winners-and-supporters/the-thames-valley-housing-story/|archive-date=20 December 2016|url-status=dead}}
- Thames Valley Housing - 2015 WhatHouse? Best Start Home Scheme award{{cite web|title=WHATHOUSE? AWARDS WINNER Thames Valley Housing|url=http://www.whathouse.com/awards/thames-valley-housing/|website=WhatHouse?|accessdate=8 December 2016}}
- Thames Valley Housing - 2016 Top 60: Build to rent development of the year{{cite web|title=Top 60: Build to rent development of the year|url=http://www.insidehousing.co.uk/top-60-build-to-rent-development-of-the-year/7016050.article|website=Inside Housing|accessdate=8 December 2016}}
{{Needs update|date=April 2025}}
References
External links
- {{official website|https://www.metropolitan.org.uk/}}
- [http://www.fizzyliving.com/ Fizzy Living] (Private rented business)
{{Housing associations in London}}