# Two Rivers Housing spends £38.9m on homes across Gloucestershire and Herefordshire

> Two Rivers Housing invested £38.9 million in affordable homes and improvements in 2025/26, delivering 81 new homes and a £4.1 million surplus.

- Published: 2026-10-17T04:43:14+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-17/two-rivers-housing-38m-affordable-homes
- Source: [EIN Presswire](https://www.einnews.com/article/950312938/live)

## Key takeaways

- Two Rivers Housing invested £38.9 million in affordable homes and property improvements across Gloucestershire and Herefordshire during 2025/26.
- The association delivered 81 new affordable homes and directed £24.3 million towards new home development.
- Two Rivers Housing reported a group surplus of £4.1 million, up from £2.8 million the previous year, which will be reinvested.

[Two Rivers Housing](https://akta.pro/company-profiles/000ho7i/two-rivers-housing) invested £38.9 million in affordable homes and property improvements across Gloucestershire and Herefordshire during the 2025/26 financial year, the housing association said. The [EIN Presswire](https://www.einnews.com/article/950312938/live) report said the investment included £14.6 million for existing properties and £24.3 million for new homes, with 81 new affordable homes delivered.

## Two Rivers Housing's £38.9m Investment Breakdown

Two Rivers Housing, based in Gloucestershire, spent £38.9 million during 2025/26 on new and existing homes across the two counties, including energy upgrades. Of the total, £14.6 million went to maintaining and upgrading existing properties, including new kitchens, bathrooms and energy efficiency improvements. An additional £24.3 million was directed towards developing new affordable homes.

The association's annual report shows turnover of £33.7 million and a group surplus of £4.1 million, up from £2.8 million the previous year. The surplus will be reinvested into housing and tenant services. In 2025/26, the organisation delivered 81 new affordable homes and helped nearly 500 tenants secure more than £2 million in extra financial support.

Kevin Bennett, chief executive of Two Rivers Housing, said: "Our annual results demonstrate our commitment to investing in our homes, meeting local housing need and supporting the tenants and communities we serve." He added: "We know there is still work to do, and we'll continue to listen to and work with tenants to improve our services."

Earlier this year, Two Rivers Housing was awarded top regulatory grades by the Regulator of Social Housing, including G1 for governance, V1 for financial viability, and C1 for how well it delivers for its customers.

## Two Rivers Housing's Scale and Regulatory Standing

According to akta.pro [company records](https://akta.pro/company-data), Two Rivers Housing owns approximately 4,000 homes, making it the largest social housing provider and developer in the Forest of Dean. The same records show the association has over 180 team members. In 2026, it received G1/V1 governance and viability ratings and a C1 consumer grade from the Regulator of Social Housing following its first inspection, placing it among only four landlords to receive the top consumer grade. Kevin Bennett was appointed chief executive in 2026, succeeding Hayley Selway.

## Two Rivers Housing's Next Steps

In 2025, Two Rivers Housing committed over £30 million over two years and pledged to build more than 100 new affordable homes per year for five years, with 12 development schemes and nearly 300 properties across Gloucestershire underway, according to akta.pro company records. The association's [website](http://www.tworivershousing.org.uk) provides further information about its services.

## Companies in this story

- [Two Rivers Housing company profile](https://akta.pro/company-profiles/000ho7i/two-rivers-housing) · website: http://www.tworivershousing.org.uk

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