Executive Recruitment

About Barking and Dagenham Homes Limited

Barking and Dagenham Homes Limited will be a new provider of social and affordable housing in the Borough. It is in the process of being registered with the Regulator for Social Housing and is a wholly-owned subsidiary of the London Borough of Barking and Dagenham (LBBD).

It sits alongside a number of different vehicles known as Reside that LBBD also owns to deliver new homes in a commercial way, while maintaining high standards of integrity and social purpose. While Barking and Dagenham Homes Limited works closely with Reside (the Chair of Reside is a BDHL board member, and the organisations share a Managing Director), Barking and Dagenham Homes Limited is governed independently of the Reside companies and its refreshed board with three independent board members (one of whom will be the Chair) reflects this.

Set up in November 2012, Reside was initially created as a structure to develop and manage affordable housing, primarily for economically active people, at William Street Quarter and Thames View East. It is now formed of four limited liability partnerships and limited companies with differing financial arrangements.

Today, Reside is a significant landlord in the borough, it has over 800 homes at affordable rent levels and over 70 shared ownership homes on its books. We are committed to further growth and have plans in place to increase our portfolio to 3,000 homes by LBBD commissioning its regeneration company Be First to build the new homes.

While it is not envisaged that the homes currently held in Reside would be transferred into the new Registered Provider and the Council still intends to build new homes for Reside, the proposed new Registered Provider, Barking and Dagenham homes Limited forms an important part of this growth.

Barking and Dagenham Homes Ltd currently manages 41 Rented Homes, at London Affordable Rents. It is expected to take a number of new homes under management this financial year, which may include homes for Shared Ownership.

The Board

The Board of Barking and Dagenham Homes Ltd will consist of 5 Directors. Two of the Directors are already in post: one from the Council’s existing Reside Board structure and one is the interim Managing Director of Barking and Dagenham Homes Limited and Reside.