Our story began in the 1950s when Lady Molly Huggins, wife of the Governor of Jamaica, founded the Metropolitan Coloured People’s Housing Association to provide homes for people migrating to the UK.
In 1963 we were formally established as a housing association – the Metropolitan Housing Trust. By 1968 we managed 200 homes and were developing 560; we were also developing co-ownership schemes in the East Midlands and buying run-down street properties in the London Boroughs of Lambeth and Haringey for renovation.
We continued to grow rapidly in the 1970s in London and the East Midlands. The Ransom Road Estate in Nottingham, one of the largest housing association developments to be funded by the Housing Corporation at the time, was completed in 1979.
In 1981 Metropolitan’s Home Ownership team was established to develop affordable shared ownership schemes, helping people to get onto the housing ladder by buying a share of their own home. Since then we have become one of the largest providers of shared ownership homes in the country.
In 1988, the Government transferred the responsibilities of developing social housing to housing associations. We took up the challenge and were one of the first associations to use our new powers under the 1988 Housing Act to raise private money on the stock exchange, making use of the public grants available.
By 1990 we had grown considerably, with 6,500 homes in management and 550 in development. In 1993, we delivered our largest ever development programme of 750 homes for rent and shared ownership, and in 1997 the Refugee Housing Association joined us.
In the 2000s, Rushcliffe Homes and the Cambridge-based Granta Housing Society joined us and we were also selected to take over the management and regeneration of the Clapham Park and Ashmole estates in the London Borough of Lambeth.
In 2015 we secured £250m to invest in building new homes through a bond issue.
Today we manage more than 38,000 homes and serve around 6,000 care and support customers.
We measure our success in three ways:
- Our financial strength – being financially strong enables us to invest in building more new homes and providing more services for our customers
- Number of affordable new homes we build – playing our part in tackling the housing shortage
- Number of independence steps we enable – delivering quality outcomes for our customers
We also track a number of other measures – including customer satisfaction and the quality of our care and support services – to keep a check on our performance.
We are committed to securing value for money in everything we do and being transparent about how we use our resources. We publish annual financial reports and customer reports to summarise our performance. Read more about how we do this in our Value for Money statement and view details of our expenditure over £500.