Homelessness Property Funds Social Impact Report 2021/22
WHAT YOU NEED TO KNOW TO GET INVESTMENT FROM THIS FUND
National Homelessness Property Fund 2 was created in response to the growing need for affordable housing, providing safe and decent homes for people in housing crisis, and launched in December 2020. Initially, the fund’s focus was on providing homes in the Greater Manchester region, but the fund has expanded into other regions across the UK including Bristol, Oxford and Liverpool City Region. The fund has ambition to cover all nine regions in England.
The fund is aiming to purchase 1,500 family homes and one-bedroom properties across the UK to house around 16,000 people over its lifetime, and has so far partnered with established impact-driven housing provider partners including:
- Let Us, the ethical lettings agency in Greater Manchester that the fund launched with,
- DHI, the fund's south west based partner
- Response, the fund's partner in Oxford, and
- Notting Hill Genesis, the fund's latest - and London-based - housing partner
In line with its geographical expansion, the fund is continuing to gear up conversations with other local and national housing providers as potential partners.
The fund works by buying and refurbishing properties and leasing them to its housing partners to provide people at risk of homelessness with a settled home.
By partnering with regionally based housing providers, the fund not only provides local people facing housing crisis with a safe, decent and affordable home but also ensures they have access to the local specialist support services they might need in order to help them sustain their tenancy and improve their circumstances. This includes access to support for addiction, mental and physical health issues, to find and re-engage with employment or education, to set down roots in the local community and to save for a deposit, so that they can eventually move into the private rented sector with a track record of maintaining a tenancy. It also means tenants are provided with the right homes and support for them in the areas within which they are already living or would like to move to.
The fund has bought its first properties and began handing some of these over to its housing provider partners who have started to house individuals and families.
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The impact of housing partners to reliably scale up the provision of safe, secure and affordable housing in the community for individuals and families facing housing crisis is huge, with current property investment structures not tailored to their needs.
If your organisation needs property to support people at risk of and experiencing homelessness and to deliver more impact in this sector, we would like to hear from you.