Lloyds Banking Group has launched its first affordable housing redevelopment project in Pudsey, inviting developers to build 100 new homes. The fully affordable scheme, which has backing from Leeds City Council, includes a mix of one- —to four-bedroom homes, apartments, and green spaces.
The site, a former commercial property, is part of Lloyds’ broader strategy to repurpose decommissioned assets for social housing. Developers will need to finalise designs and secure planning approval from the council.
This initiative is the first of its kind by a UK bank, marking Lloyds’ direct entry into the social housing sector. The Group, which has provided £20 billion in social housing funding since 2018, is reviewing additional sites for redevelopment. If approved, construction could begin by late 2026.
