IMPACT THEME: Housing and Homelessness, Health and Wellbeing and Social Care, Energy and the Environment, Poverty and Disadvantage
WHAT THEY DO: Notting Hill Genesis is a large housing association, that manage more then 66,000 homes. They provide homes across a range of tenures with the commitment to deliver affordable housing.
YEAR FOUNDED: 2018
LOCATION: London and the South East
PARTNERSHIP DATE: 2022
FUND PARTNERSHIP: National Homelessness Property Fund 2
SUSTAINABLE DEVELOPMENT GOALS:
ABOUT: Notting Hill Genesis is one of the largest housing associations in the country, with more than 67,500 homes owned or managed across London and the south-east. They provide homes across a range of tenures and are committed to delivering housing that is affordable for all. Notting Hill Genesis build and maintain quality homes, creating diverse and thriving communities. This is our primary purpose and everything else we do supports that. They own and manage stock for social, affordable and private rent, leasehold, keyworker housing, care and support, temporary housing and shared ownership.
PURPOSE OF PARTNERSHIP:
This partnership arrangement is the largest ever carried out for both Resonance and Notting Hill Genesis’ temporary housing business. Notting Hill Genesis are taking on an initial 100 homes where families are already living as tenants, which will be followed by another 450 properties at a later date in 2023. And during this year, Resonance will also be purchasing additional homes to transfer into the portfolio. These homes are a vital lifeline for many families who wouldn’t otherwise have a home, the support provided by Notting Hill Genesis goes beyond bricks and mortar. Notting Hill Genesis will be working with tenants to make positive plans for other areas in their life, such as tackling mental health, addiction issues and finding employment, training or education. Tenants benefit from stability and are able to put down roots in their own community, enabling them to plan for their future goals.
The National Homelessness Property Fund 2:
Rebecca Brennan, assistant director of temporary housing for Notting Hill Genesis, said: “It’s really exciting to be adding so many homes to our portfolio. We generally have around 3,000 temporary homes at any time, mainly leased to us by private landlords. This market is harder than ever to access, while demand for stable homes within our communities is very high so an extra 590 homes is a huge boost for us.
“Being able to offer these homes to families in need is something we are extremely proud of and working with an organisation like Resonance which shares our strong social purpose will be of benefit to everyone involved. We look forward to meeting our new residents in the coming weeks.”
Resonance Limited is a company registered in England and Wales no. 04418625
Resonance Impact Investment Limited, a subsidiary of Resonance Limited, is authorized and regulated by the Financial Conduct Authority (FCA). Firm number 588462.
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