Residential Secure Income plc - Appointment of ReSI Housing Chairman
Residential Secure Income plc ("ReSI") (LSE: RESI), which invests in residential asset classes that comprise the stock of UK social housing providers, is pleased to announce that its wholly owned for profit Registered Provider subsidiary ReSI Housing Limited (“ReSI Housing”), has appointed David Orr as independent non-executive Chairman.
David brings over 30 years of housing expertise as an experienced leader whose career has spanned housing and wider social enterprise. Most recently, David was Chief Executive of the National Housing Federation, a role he held from 2005 until his retirement on 30 September 2018, and before that was Chief Executive of the Sottish Federation of Housing Associations from 1990 to 2005. He was appointed CBE in the Queen’s Birthday Honours in June 2018.
David holds and has held a number of non-executive roles, including; President of Housing Europe, Chair of Reall (an international housing development charity), and senior independent director at The Housing Finance Corporation (the UK’s leading aggregator of finance for affordable housing). David was Chair of the coalition government’s Mobility Taskforce.
David is a well-known expert on housing policy who has negotiated across different government departments at the highest levels. Through his extensive public speaking and media appearances, David has been an advocate for maximising the supply of affordable housing, and has been a staunch campaigner for the value of government funding to the Housing Association sector.
David Orr said “I believe that ReSI’s focus on rental income and its long-term investment horizon makes it an ideal investment partner for Housing Associations and Local Authorities. This, combined with ReSI’s focus on investment grade credit, should provide sustainable returns for its investors while contributing to the sector’s capacity to deliver socially and economically beneficial new housing.”