The National Housing Bank (NHB), the company recently established by Homes England, has appointed non-executive directors to oversee the regeneration and investment sectors
Chris Taylor, chair of real estate and senior vice president at Federated Hermes Limited, and chair of MEPC, and Simon Pistell, risk director at L&G, have been appointed to provide their expertise in UK regeneration and investment.
They will both oversee and challenge decision-making in the company in order to more effectively deliver new homes throughout England.
A wealth of experience behind the appointments
Chris Taylor has previously overseen major projects in England, including King’s Cross in London, Paradise in Birmingham, NOMA in Manchester, Wellington Place in Leeds, Silverstone Park, and centre:mk in Milton Keynes.
Simon Pistell has overseen previous housing and regeneration businesses, having served as chief risk officer for LGIM and for L&G Capital, covering affordable housing, build-to-rent, Cala Homes, and strategic land.
Taylor said: “I am delighted and honoured to take on this role. I look forward to bringing experience in managing investment risk, together with a strong belief that the built environment can deliver meaningful social and environmental benefits while supporting improved productivity. Accessible and affordable housing is central to achieving these outcomes.”
Pistell said: “Accelerating the delivery of affordable homes, regenerating towns and cities, and creating thriving communities are vital to boosting economic prosperity and improving quality of life. I’m excited to take on this role and look forward to working with the exceptional teams at the National Housing Bank and Homes England to help deliver these outcomes.”
The National Housing Bank has already made its first investment
The NHB has stated they will support the delivery of more than 500,000 new homes over the next 10 years, alongside £53bn of private investment into regeneration and mixed-use scheme delivery.
It has already made an investment in partnership with Aviva, investing £100m in 300 build-to-rent homes on brownfield sites across Liverpool and Manchester as part of a campaign targeting underinvested urban areas in the two cities. As funding grows, there is a possibility of scaling up to 3,300 homes.
At the launch of the company, housing secretary, Steve Reed, said: “Launching England’s first ever National Housing Bank underpins a new way of doing things as we accelerate housebuilding at scale and tackle the housing crisis head on.
“Now open for business, the Bank will rake in billions of pounds of essential private investment to get spades in the ground for half a million new homes. This is just one of the many levers we’re pulling to make sure we reach our 1.5 million target this Parliament.”
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