Homelessness Property Funds Social Impact Report 2024/25
About the fund
Real Lettings Property Fund 2 built on the success of the pioneering Real Lettings Property Fund 1, continuing to provide stable, affordable homes for people experiencing or at risk of homelessness in London. It launched in 2017, partnering initially with homelessness charity St Mungo's, before more recently partnering with housing association Notting Hill Genesis and Chisel Housing.
The fund raised £98.5m in capital from 6 investors, including 4 local authorities and 2 foundations, enabling it to acquire and refurbish properties before leasing them to its housing partners who support tenants to sustain their tenancies and opportunities to access support services that can help them improve their wellbeing and move towards greater independence.
Year launched
2017
Total capital raised
£98.5m
Properties in portfolio
335 homes
Location
London
Number of people housed so far
Over 1,000 people since the fund launched
