Chief Executive's blog
A blog written by our Chief Executive, David Montague. Each month David reflects on events at L&Q and in the housing sector, and offers his opinions on current and future events.
About David Montague
David Montague has been chief executive of L&Q since February 2008. He has been with L&Q since 1989 and served as Group Director of Finance before his current appointment.
David is a Fellow of the Association of Chartered Certified Accountants and writes and lectures on social housing and business planning issues.
In October, I spent a week working with L&Q caretakers in six different areas of London. I regularly hear about the fantastic work that our caretakers do. As it’s #HousingDay today, I wanted to share my experience and show what working in housing is actually like.
This week L&Q reports an annual surplus of £180 million. Some people are bound to question how a charity can make so much money and ask if we are losing sight of our charitable roots.
Sometimes working in housing feels like you are beating your head against a brick wall, except we aren't building enough brick walls to beat our heads against.
I met an old colleague today who also grew up on a council estate and became a housing association chief executive. We got to talking about the good old days and it left me wondering where my mum and dad would live today. Where do those communities form now, where can ordinary working people afford to live?
Today the English housing survey reported that home ownership has fallen to 65%, its lowest level since 1987, and private renting has overtaken social renting.