About the fund

National Homelessness Property Fund 1 was launched to increase the supply of affordable housing for people experiencing or at risk of homelessness and living in temporary accommodation. Building on the success of Real Lettings Property Fund 1, it expanded our homelessness property fund model beyond London - and into Bristol, Milton Keynes and Oxford - demonstrating how social investment could help address housing need at scale.

The fund raised £43.6m capital from over 20 impact investors - including the 3 local authorities within the geographic areas where need was identified - and acquired and refurbished homes, making them more energy efficient, before leasing them to its expert housing partners; initially St Mungos but more recently, Developing Health & Independence, providing tenants with affordable and settled homes and access to support services where needed.

Year launched

2015

Total capital raised

£43.6m

Properties in portfolio 

229 homes

Locations

Bristol, Milton Keynes and Oxford

Number of people housed so far

Over 1,000 people since the fund launched

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