Community Asset Funds Social Impact Report 2018/19
This investment is fully subscribed
The Affordable Homes Rental Fund provides development capital and medium term finance to Community Land Trusts or other community led organizations to build affordable homes.
Many communities want to develop, own and manage their own community housing in order to address the issue of people being unable to afford to rent or buy in their local area. However, current loan finance funds typically only provide around 60-80% of required development capital and so community groups struggle to finance new build developments. The Fund can overcome this by providing up to 100% of capital required.
INVESTMENT PROPOSITION KEY FACTS:
- WHO YOU LOAN TO: COMMUNITY LAND & FINANCE CIC
- IMPACT: AFFORDABLE LOCAL HOMES
- TARGET FUND SIZE: £5.25M
- EXPECTED RETURNS: 3%+
- TERM: 8 YEARS
- ASSETS: SECURED ASSET BACKED LOANS (FIRST CHARGE)
- OPEN FOR INVESTMENT: FULLY SUBSCRIBED FOR INVESTORS