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Homelessness Property Funds Social Impact Report 2024/25
About the fund
Real Lettings Property Fund 1 was launched in 2013 in partnership with homelessness charity, St Mungo's, and was the UK's first - and a pioneering - homelessness-focused social impact property fund. The fund was created to provide people experiencing or at risk of homelessness, with access to stable, affordable homes in London, helping them move on from temporary accommodation and into stability, so they can start rebuilding their lives.
The fund raised £56.8m capital from several socially motivated impact investors including impact investing specialist, Better Society Capital, trusts and foundations and a local authority. It used this capital to acquire and refurbish homes across London before leasing them to its housing partners - initially St Mungo's and more recently, Notting Hill Genesis - who provide tenancy and property management and access to support services, including health and wellbeing, financial and employment pathways, all of which helps tenants improve their resilience to homelessness and create more positive futures.
Year launched
2013
Total capital raised
£56.8 million
Properties in portfolio
259 homes
Location
London
Number of people housed so far
Over 1,000
