THIS FUND IS FOR INSTITUTIONAL AND CERTIFIED SOPHISTICATED INVESTORS

About the fund

The Resonance Everyone In Fund was launched in response to the increased need for settled housing solutions following the COVID-19 pandemic and the Government's 'Everyone In' initiative, particularly for people experiencing rough sleeping. The fund provides safe, affordable homes for people experiencing or at risk of homelessness, helping them move from temporary accommodation into long-term housing stability. Many of the fund's tenants have higher health, wellbeing and addiction support needs because of their previous experiences.

Having raised £16.5m from 4 impact investors - Barrow Cadbury Trust, Better Society Capital, Greater London Authority and Trust for London - the fund partnered with expert social justice and housing charity, Nacro. 56 one-bedroom properties across several London boroughs were acquired and refurbished before being leased to Nacro, who furnished properties and provide ongoing tenancy and housing management support and specialist support services tailored to tenants' needs.

Year launched

2021

Total capital raised

£16.5m

Properties in portfolio 

56

Locations

London

Number of people housed so far

63

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Mayor of London, Sadiq Khan: “A secure, long-term home should be a basic right for every Londoner, but a decade of austerity and the economic crisis created by the pandemic means far too many people have found themselves on the street or in temporary accommodation.

“My teams and their charity partners are working around the clock to help the most vulnerable people to work towards a life off the street – but this is only possible if there is high quality, affordable accommodation available at the end of their journey. The work being carried out by Resonance and Nacro will create the homes our fellow Londoners deserve and ensure they have access to the support they need to rebuild their lives.”

Simon Hughes, Head of Housing and Support at Nacro: “We know Rough Sleeping has a devastating impact on communities, people’s lives, health and future so we are delighted that the Resonance Everyone In fund is on target to acquire homes where Nacro can deliver the support to enable people to thrive and move towards lasting independence away from the street. Holding on to a home in these difficult times is a vital step in helping people to move on with their lives.”