£12.5 Million For Association To Improve Homes

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Watmos Community Homes has secured a £12.5 million funding package to improve the energy performance of its homes in London and Walsall.

The organisation will now drive forward plans to upgrade more than 1,000 homes by 2024, after securing the funding from NatWest.

Watmos will also use the funding to add an additional 15 new homes to its portfolio of 2,700 homes across Walsall and London. the firm is headquartered in Walsall with a London base,

Watmos Community Homes was founded in 2003 after it took over management of 1,800 homes from Walsall Metropolitan Council, following a large-scale voluntary transfer.

The homes are managed by seven separate Tenant Management Organisations (TMOs) who administer the day-to-day activities of the homes. In 2012, Watmos acquired an additional three more TMOs in 2012, based in Lambeth, London.

 “The funding from NatWest will enable us to update our current portfolio of properties, making them more energy and cost efficient for our tenants living in them.”

– David Saunders 

Director of resources, Watmos Community Homes

NatWest

The funding forms part of NatWest’s recent commitment to support the housing association sector with £3 billion of finance by the end of 2022. This will support the increase in provision of social housing, as well as the improvement of existing properties.

Picture: Watmos Community Homes will use NatWest funding of £12.5 million to improve the energy efficiency of its 2,700 managed homes.

Article written by Cathryn Ellis
29th September 2021

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