Peabody was established in 1862 by the American banker and philanthropist George Peabody. We opened our first estate, in Spitalfields, in 1864. We are one of London’s oldest and largest housing associations, providing high quality, safe and secure homes for more than 111,000 people. We are committed to providing as many social rented homes as we can, putting the most vulnerable people first and making a lasting difference in our communities. In 2019 we invested £440m in new and existing homes and our average rent was £127 a week. We also completed over 400 new social rented homes for people on lower incomes.
We continue to build on our pioneering history, adapting to the changing needs of Londoners with innovations in affordable and sustainable housing. To support this, Peabody and Family Mosaic merged in July 2017, more than doubling our capacity to provide new homes and services in London and the South East. Together we now provide 66,000 homes.
We also provide a wide range of community programmes in our neighbourhoods. including help with employment and training, health and wellbeing projects, family support programmes and a dedicated care and support service for over 17,500 people.
Last year the Peabody Community Foundation invested more than £7 million in programmes, supporting over 1,100 people into work and delivering over 58,000 hours of free-to-access community activities.