June 9, 2022, Essington, West Midlands, UK: Affordable homes provider, Storm Housing Group Limited, today announced that it has been given Registered Provider status by the Regulator of Social Housing. This change of status will enable Storm to accelerate its mission of providing high quality, affordable housing to individuals and families throughout the UK.

Storm is helping to tackle the housing crisis by delivering new build sustainable homes in mixed private and social communities to people on social housing waiting lists. The company’s sustainability and quality targets underpin each new home, offering those who need it a move-in ready home that is designed and built for life.

Speaking on the announcement, Managing Director of Storm Housing Group, Sam Roden said: “We are delighted that Storm Housing Group has been registered by the Regulator of Social Housing. This status will enable us to realise our vision of creating new, high quality, sustainable homes and to create a lasting legacy of social housing for people throughout the UK.”

Registered Provider status gives Storm the opportunity to deliver regulated housing, to broaden its geographical reach and provide more high-quality homes where they are needed most. With over 1.3 million households on council waiting lists around the UK, Storm will now be able to help alleviate the country’s housing pressures and give more people the opportunity to live in desirable homes for life.

Storm’s target is to acquire over 1,000 homes across the UK per year and deliver 5,000 by 2027. Storm has raised over £100m of annual investment from Social Impact Investment Funds to acquire and build out new homes. The company already provides homes in Stoke, and has a pipeline of developments across the Midlands and Lincolnshire.  The housing sector is demonstrating that for Registered Providers and institutional funders can work together to ensure that private capital complements government funding and delivers more homes thereby providing greater choice to Local Authorities and individuals on social housing waiting lists.

The Storm Housing Group Board comprises individuals with combined industry and sector expertise spanning many decades. Chaired by Richard Starkey who has a background in finance and development, he is also joined by Non-Executive Directors, Mike Dunn and Dena Burgher who bring complimentary skillsets covering housebuilding, commercial prudence, property and tenant management and good governance. The executive leadership team is led by Sam Roden who also owns and runs Storm Property, an organisation that specialises in social impact housing for the care and complex needs sector. Sam is supported by Strategic Director Alan Yates who was awarded an OBE in 2019 for his dedication and ongoing work in the housing industry, in particular his commitment to providing affordable, sustainable homes.

Commenting on securing RP status, Richard Starkey, Chairman said: “Storm Housing Group is delighted to have achieved this important milestone. Securing registration will allow us to push forward with our ambitious targets for growth while also striving to deliver carbon-neutral homes that our tenants will be proud to call home”.

Steve Partridge, Director, Affordable Housing Consultancy at Savills says “We were very happy to support Sam and the team in the successful registration of Storm. We were very impressed by excellent quality of team and the board, and it was refreshing to see their model designed from scratch to protect the interests of the tenants with a real focus on sustainability. We wish them and their partners all the best in implementing their ambitions.”