WHAT YOU NEED TO KNOW TO GET INVESTMENT FROM THIS FUND

The Resonance Supported Homes Fund (RSH Fund) is being launched as a solution to the housing shortages leaving hundreds of adults with learning disabilities, autism and mental illness in long-stay hospital beds and similar institutions.

The Fund has a strong focus on achieving positive social impact by providing a person-focused solution, investing directly into residential properties across the UK. The properties purchased will include self-contained and multiple occupancy flats/houses/bungalows and blocks of flats with self-contained units, refurbished and adapted to a high standard to suit the needs of every individual, enabling them to lead independent lives.

Learning disability and mental health sector charity partners are currently being sought so charities or social enterprises focusing on learning disability, autism and mental health problems, which have an infrastructure that would enable them to lease to indivduals should get in touch.

Properties will be leased to learning disability and mental health charity partners and housing providers who will rent them to individuals, helping them manage their tenancies and properties and also provide specialist support to help them live their lives with choice and independence.

Many people with a learning disability in the UK continue to live in inappropriate housing; they remain on waiting lists for long periods of time; are being housed in local authority areas miles away from their families and support networks; are becoming ‘institutionalised’, facing multiple barriers to discharge and are unable to live independently. In fact, over 2,000* people are still living in institutions today at a cost of around £2.45 billion in welfare benefits each year.

In response to this and over a two-year period, Resonance has been working with a group of learning disability, mental health charities and specialist housing providors to design a sector-wide solution for broader housing need, developing and creating the Resonance Ssupported Homes Fund.

The impact of the learning disability and mental health sector charities to reliably scale up the provision of appropriate housing in the community for this group is huge, with current property investment structures not tailored to their needs.

If your organization needs property to house people with learning disability, autism or mental health problems and deliver more impact in this sector, we would like to hear from you.

KEY FACTS

  • GEOGRAPHY: UK
  • IMPACT FOCUS: Housing people with learning disability and poor mental health
  • AMOUNT: £30M+
  • COST: Lease terms available on application
  • TERM: 5 years (extendable)
  • SECURITY: N/A

 

*NHS Learning Disability Services