Places for People
Places for People (PfP) is a property management, development, regeneration company and leisure company based in the UK. Places for People (PfP) is made of over 20 companies, has £3 billion in assets, and manages around 182,500 homes. History. Places for People was founded as North British Housing Association in 1965. Bristol Churches Housing Association joined the group in 1999, and the name was changed to Places for People Group Ltd on 1 June 2000. Group companies. Places for People is made of over 20 companies including: Other Group companies include: Procurement Hub, a public procurement  consortium, is also part of Places for People. Finances. Housing groups borrow money to pay for new homes and improvements. Like other large housing groups, PfP raises money from investors by issuing corporate bonds in its own name. As the late-2000s financial crisis progressed, first-time buyers had difficulty in obtaining bank mortgages. PfP was the first housing group to respond by providing mortgages for shared ownership or 100% buyers on its own developments. In April 2008 PfP launched the Ownhome equity loan scheme in partnership with the Co-operative Bank. This was aimed at enabling first time buyers, key  workers and occupants of social housing to purchase homes on the open market through a combination of a standard co-operative bank mortgage for between 60-80% of value with the balance funded via an equity loan from Places for People. The scheme ended in April 2010 when funding support for the equity loan was withdrawn by the government. In 2010 the group recorded a £25 million impairment in the value of its assets, the largest write-down by a UK housing association up to that date. PfP raised the social housing sector's first unsecured UK bond in  May 2011. Awards. PfP has won Landlord of the Year twice at Property Week's RESI awards, in 2012 and 2014.