46GV Karbon 3.375%

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RNS Number : 7593J

Karbon Homes Limited

14 December 2022

Karbon Homes Group

16(th) Dec 2022

New 3,000 home Yorkshire-based housing association launches today

54North Homes, a new 3,000 home housing association, officially launches today. A subsidiary of northern housing association Karbon Homes, 54North Homes has been formed by two longstanding Yorkshire-based registered providers, Leeds & Yorkshire Housing Association (LYHA) and York Housing Association (YHA), coming together to operate as one.

The decision to form 54North Homes follows a thorough consultation process, where both organisations sought the views of their colleagues, customers and stakeholders. This consultation feedback, combined with a detailed due diligence process, shaped the final business plan which was approved by the respective boards in September.

The partnership aims to deliver excellent services to customers by having the increased strength and opportunities of being part of a larger group whilst retaining the local approach and understanding of their local customer base.

Steve Secker, Chair of YHA, has been appointed as Chair of 54North Homes and Mark Pearson, Chief Executive of LYHA, has been appointed as Managing Director.

Mark Pearson, Managing Director of 54North Homes said: "Over the last few months, it has been inspiring to see the synergy between the two organisations. I am confident that combining each team's strengths and expertise will create a strong and effective organisation: one that will not only provide safe and secure homes in the communities we serve, but also make a positive, lasting difference throughout the Yorkshire region."

Paul Fiddaman, Group Chief Executive, Karbon Homes said: "We're really looking forward to LYHA colleagues joining the Karbon family as 54North Homes. YHA has been a subsidiary of Karbon for five years and this partnership has resulted in increased customer satisfaction and investment in homes and services as well as the development of many new homes in the Yorkshire area. We are very proud of what has already been achieved and we believe 54North Homes will enable an even greater positive impact for more customers in the Yorkshire area."

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December 16, 2022 04:47 ET (09:47 GMT)

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