Raj Upadhyaya, previously Group Investment Director of the Guinness Partnership and MD of Guinness Developments, together with Danny Kaye, his former Director of Special Projects have joined the Heylo Housing (“Heylo”) team to engage with local authorities and house builders to deliver affordable shared ownership homes across London and the South East of England.
Nicholas McAlpine-Lee, CEO of Heylo said “We are delighted to welcome Raj and Danny to the team. Their extensive experience with one of the country’s leading Housing Associations and their dedication to affordable housing delivery will help expand Heylo’s activities in the South East – building on existing relationships to drive significant volumes of new affordable housing.”
Raj Upadhyaya said “We are delighted to join the Heylo team. Heylo’s established affordable housing solutions such as Home Reach and Let’s Share can really make a difference to affordable housing delivery in London and the South East.”
Delivering 80% of open market value on shared ownership Section 106 properties regardless of the size of scheme, Home Reach contracts can help developers and local authorities address those all-important viability and affordable housing delivery challenges.
Heylo’s Let’s Share solution takes the established concept of shared ownership one step further allowing the local authority (or local housing association) to own the share of a property which they can in turn offer to their community for rent – thus maximising the number of properties they can deliver from their investment capital such as Right To Buy receipts.
Danny Kaye said “Raj and I look forward to working the Heylo team to build on existing long term relationships and address the housing needs of local communities with certainty, simplicity and reliability.”
Nicholas McAlpine-Lee again “Over the past year Heylo has signed contracts with a number of leading developers and is keen to do all that it can to deliver affordable shared ownership homes across the country.”
Heylo, is a joint venture with a leading local authority and backed by significant long-term pension fund investment. Having acquired more than 700 properties since September 2014, Heylo currently operates in over 65 local authorities.