A group of directors with decades of experience in housing, local government and industry has been hand-picked to provide independent oversight and strong governance for Lambeth’s new council-owned housing company, Homes for Lambeth.
The new non-executive directors include an ex-managing director of a Barratt Homes Group company and currently head of the development company of another London council. They have begun work on delivering the council’s ambitious house building programme.
Richard Reynolds has been appointed Chair of the board for the Homes for Lambeth development company, HfL Homes and Build. He previously held the post of MD of one of the largest companies in the Barratt Homes Group and has led a number of complex regeneration projects throughout his career. He already has over a decade of experience of chairing non-executive boards in the social housing sector.
The other non-executive directors of HfL Homes and Build are Wendy Stokes and Peter Walters. Ms Stokes has broad experience of similar council-led initiatives, including time as MD of Broadway Living, Ealing Council’s development company. Mr Walters has a housing association background and currently chairs the board of the Sutton Housing Partnership.
Mike O’Donnell has been appointed as chair of the HfL management company, HfL Homes, bringing with him a breadth of experience in similar public-sector roles, such as Executive Director at the London Borough of Camden. He will be joined by Gerri Scott, who previously led the housing team at the London Borough of Southwark.
The role of the non-executive directors will be to deliver the business and operational plans agreed on an annual basis by the council’s elected cabinet. This will ensure that their performance is in line with expectations and that risks are effectively managed. They will also oversee budgets, funding and the company’s compliance with government regulations. All members bring impartiality, wide experience and specialist knowledge with them to Homes for Lambeth.
Richard Reynolds (pictured below) said:
“I’m delighted to be joining Homes for Lambeth alongside people with such a broad range of experience. Lambeth has a very ambitious programme to build more and better homes in the face of the housing crisis and we will be doing all we can to deliver the council’s housing agenda”
- Homes for Lambeth is Lambeth Council’s wholly-owned housing company set up in a bid to help ease the pressure on housing in the borough. A large proportion of the new homes built by HfL will be let at council-level rent to existing and new council tenants.
- Homes for Lambeth consists of three separate companies, comprising development, construction and management functions. All functions report to Lambeth Council, as well as an ‘Ownership and Stewardship Panel’ which includes elected members and tenant representatives.
- Its recently-appointed non-executive board was selected from a number of applicants for the posts. All members bring with them relevant housing sector experience, with careers spent working for housing associations, local authority housing departments and commercial developers.
- Homes for Lambeth mission is to build and maintain strong and sustainable communities, delivering high-quality homes and public space. It also aims to maximise the number of homes provided at genuinely affordable rents and to provide excellent ongoing service to residents