Settle Group and Paradigm Housing Group have finished their legal merger, forming a new organisation called SettleParadigm.
The new group now owns almost 27,000 homes and is the largest housing group in Buckinghamshire, Hertfordshire and Bedfordshire.
Both boards agreed to the merger after reviewing a business case, due diligence and feedback from a six-week resident consultation.
The merger was first announced in March, with a decision to move ahead taken in August after residents gave their views.
A full board and executive team is already in place.
SettleParadigm plans to improve services for existing residents, deliver more affordable homes and invest in local communities.
Richard Moriarty, chair of SettleParadigm, said: “Our ambition has been to be larger and more local, to enable us to do more for residents and provide more new homes.
“By merging with Settle, which shares a similar geography to us, we will benefit from economies of scale while remaining rooted in our local neighbourhoods.
“We know there are many challenges ahead including net zero and the desperate need for more affordable homes.”
Moriarty added: “Together, we’ll be stronger, more resilient and better able to face these head on.”
Sally Veitch, senior independent director and former chair of Settle, said: “Today marks a real milestone for both Settle and Paradigm as we join together so we can do more for our residents.
“I’m confident that our combined strength will enable us to improve services for our current residents and build more affordable homes to meet the desperate need for them.”
