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For-profit provider Funding Affordable Homes appoints managing director
For-profit registered provider Funding Affordable Homes Housing Association (FAHHA) has appointed Kush Rawal as managing director.
For-profit provider Funding Affordable Homes appoints managing director #UKhousingFor-profit registered provider Funding Affordable Homes Housing Association has appointed Kush Rawal as managing director #UKhousingMr Rawal became the managing director of FAHHA earlier this week.
His previous roles include chair of the Molly Huggins Foundation between August 2024 and December 2025. The charity was set up by housing association Metropolitan Thames Valley Housing (MTVH) in 2024 to tackle the cost of living crisis for its residents.
Mr Rawal also held roles at MTVH since 2012, including executive director of customer services, director of residential investment, commercial director, and sales and marketing director.
He has been a part-time board member at Raven Housing Trust since 2020.
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According to Mr Rawal’s LinkedIn profile, he is responsible for leading FAHHA’s growth and governance, as well as the delivery of high-quality affordable housing across the UK.
He will work with investors, local authorities and sector partners to increase housing supply while maintaining strong regulatory compliance and customer outcomes.
FAHHA builds and acquires affordable housing to deliver financial and social returns for communities and investors. The for-profit uses its capital to provide additional homes and a balanced return to its shareholders.
It has a diverse portfolio of freehold residential properties across the UK and looks at opportunities across the tenure mix in affordable housing.
In 2018, Luxembourg-based affordable housing fund Funding Affordable Homes was acquired by Switzerland-headquartered bank Edmond de Rothschild.
In October last year, Inside Housing Living reported that the fund owns around 800 homes, 60% of which sit within FAHHA.
The for-profit only owns homes that were built using grant funding from the UK government. The affordable homes break down into about two-thirds of rented tenures, including social rent and affordable rent, a quarter extra-care and 6% shared ownership.
Most of the homes are mid-rise flats with some bungalows. Majority of schemes are concentrated in London, including two on the Isle of Dogs in the east of the city, and the South East of England.
New managing director Mr Rawal said: “FAHHA was set up to bring together long term investment and strong governance to help deliver much-needed affordable homes across the UK.
“I’m looking forward to working with the board and colleagues across EDR [Edmond de Rothschild] to continue building on that work.”
Last month, Shahi Islam, director of affordable housing at Homes England, said changes to grant funding rules will give for-profit registered providers a “welcome boost”.
Mr Islam said the agency tweaked the new 10-year Social and Affordable Homes Programme to help for-profit providers with cashflow and “account for lessons learned from previous programmes”.
In other appointment news, Thriving Investments, the investment manager owned by housing association Places for People, hired a manager for its Scotland and Manchester housing funds. It appointed Ed Crockett last month for its £260m New Avenue Living fund, which focuses on mid-market rent homes in Scotland for key workers.
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