Resonance Supported Homes Fund Social Impact Report 2021/22
THIS FUND IS FOR INSTITUTIONAL AND CERTIFIED SOPHISTICATED INVESTORS
The Resonance Supported Homes Fund launched in July 2020 as a solution to the acute housing shortage that leaves thousands of adults with learning disabilities, autism and mental health issues living in inappropriate housing, or on long waiting lists awaiting the right housing for their needs.
Large numbers of people with learning disabilities and autism are being housed in local authority areas miles away from their families and friends, and many are stuck living in unsuitable long-term hospital inpatient facilities (assessment and treatment units) where personal, health and societal outcomes are very poor and individuals can become ‘institutionalised’, facing multiple barriers to discharge.
The need for this fund has been long recognised and that same need has significantly informed a range of studies undertaken by Resonance, helping identify how best to use social investment to acquire the property stock needed to facilitate community based independent and supported living.
The fund is structured to achieve significant social impact in learning disability and mental health, by providing bespoke Specialised Supported Housing (SSH). Properties are leased to the fund's housing partners - United Response and Reside With Progress - who then let thee homes to individuals, helping them manage their tenancies and properties alongside providing specialist support.
People can enjoy a more autonomous lifestyle, choosing the home they want to live in and the level of support with which they feel comfortable. Living independently helps with the development of skills and independence, whilst offering a better sense of personal safety, as well as increased community inclusion. This impact also stretches to the friends and families of people who are living in a community setting.
The fund has an ambition to acquire 275 specialised supported homes across the UK providing long-term housing for around 500 people with learning disabilities and autism.
“We all need a place to call home; this fund will make this a reality for many more people with a learning disability, autism or mental health condition.”
Tim Cooper, Chief Executive, United Response
“As demand for supported living accommodation in the county grows and as people live longer, it is through programmes such as this one that we are able to provide the support needed. We will empower people to live the lives they want to lead, in their communities, close to their friends and families, and with as much independence as possible.”
Councillor Jenny Hannaby, Oxfordshire County Council’s Cabinet Member for Adult Social Care