| Location Country: | United Kingdom |
| Parent: | Places Leisure |
Places for People (PfP) is a property management, development, regeneration and leisure company based in the United Kingdom.[1] On 20 March 2024, it was announced that it had completed the merger of its operations with those of South Devon Rural (SDR).[2]
Places for People was founded in 1965 by the North British Housing Association.[3] A year after Bristol Churches Housing Association joined the group, its name was changed to Places for People Group Ltd. on 1 June 2000.[4]
With Places for People Scotland Care and Support[5] and Procurement Hub, a public procurement consortium, as part of the firm,[6] PfP raises money from investors by issuing corporate bonds in its own name.[7] PfP was the first housing group to respond by providing mortgages for shared ownership on its own developments.[8]
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 cooperative bank mortgage for between 60 and 80% of the value, with the balance funded via an equity loan from Places for People. The scheme ended in April 2010.
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.[9] The following year, it raised the social housing sector's first unsecured UK bond.[10]
In 2012 and 2014, PfP won Landlord of the Year at Property Weeks RESI awards.