LPPI invests backs L&G affordable housing fund
Author: LAPF Investments | Published: March 5, 2026
LPPI has announced as one of the investors which has backed a more than £750m capital injection into Legal & General’s Affordable Housing Fund.
The fund aims to deliver new affordable housing across England, with two-thirds of investments committed across 1,111 stabilised homes and 1,285 under-construction homes.
Assets include properties in London, Dorset, Cheshire, Gloucestershire, Norfolk and Leicestershire, with an ambition for the fund to deliver more than 5,000 homes by 2030.
Investments include the 311-home Colindale scheme in Barnet, comprising of social rented homes – representing the largest single social rented grant-funded affordable housing scheme delivered in London in the past 12 months.
Reflecting on the fund’s new injection of capital, L&G’s head of impact strategies (real estate) Ali Farrell said: “The strong demand for our affordable housing investment offering underscores the confidence investors have in our mission to address the UK’s critical affordable housing shortage while seeking to deliver steady inflation-linked returns.
“Having successfully raised significant capital, we are actively deploying to deliver high-quality homes in areas that desperately need more supply.”
LPPI investment director Louise Warden added: “We’re proud to be supporting an investment strategy that demonstrates the positive impact pension capital can have in communities across the UK.
“As long-term investors, we’re backing L&G’s proven capability to scale its platform and deliver sustainable outcomes for both its customers and pension fund members.”
